Trade Agreement Ratification

The U.S. Chamber of Commerce attributed to NAFTA that U.S. trade in goods and services with Canada and Mexico grew from $337 billion in 1993 to $1.2 trillion in 2011, while the AFL-CIO awarded the deal for sending 700,000 U.S. manufacturing jobs to Mexico during that time. [86] The overall impact of the agricultural agreement between Mexico and the United States is controversial. Mexico has not invested in the infrastructure needed for competition, such as efficient railways and highways. This has led to more difficult living conditions for the country`s poor. Mexican agricultural exports grew by 9.4 per cent per year between 1994 and 2001, while imports increased by only 6.9 per cent per year over the same period. [69] The agreement is referred to differently by each signatory – in the United States, it is called the Agreement between the United States, Mexico and Canada (USMCA). [1] [23] In Canada, it is officially known as the Canada-United States-Mexico Agreement (CUSMA) in English[24] and the Canada-United States-Mexico Agreement (CUSMA) in French; [25] and in Mexico, tratado entre México, Estados Unidos y Canadá (T-MEC) is called. [26] [27] The agreement is sometimes referred to as “New NAFTA”[28][29], in line with the previous trilateral agreement intended to replace it, the North American Free Trade Agreement (NAFTA). . .

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