Features of forming a free trade zone in North America
Journal Title: Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu - Year 2016, Vol 1, Issue
Abstract
The theoretical concepts of international integration development and features of different forms the international integration unions creation were onsidered. For more details features of free trade area (FTA) formation in the global world as one intermediate form of transition to more complex and developed international economic relations between the countries were described. The global integration and competition that led to the signing of bilateral trade agreements and regional integration associations creation in the world was estimated. Integration processes taking place in Europe and Asia gave its contribution to the North American Free Trade Agreement (NAFTA) creation. Specific features of the process the economic integration in North America towards the free trade zone creation between the US, Canada and Mexico were analyzed. The precondition of creation and subsequent operation the North American free trade zone became the “Plan Abbott”, the main purpose of which was to stimulate American investment in leading industries of Canada. After signing the agreement on the trade liberalization of the automotive industry between the US and Canada and negotiations between the two countries there was signed the US-Canada Free Trade Agreement. The basic provisions of the US and Canada cooperation in various sectors of the economy, some of which have continued in the North American Free Trade Agreement, were characterized. The evolutionary measures the Government of Mexico towards the liberalization of trade and investment policies to the country’s accession to the General Agreement on Tariffs and Trade (GATT) and the start of the negotiations on the NAFTA establishment were evaluated. The national interests of the United States, Canada and Mexico in the context of the NAFTA creation were considered. The controversy on the impact of the NAFTA on the economic development the member countries of the regional integration association was analyzed. The role and importance of the North American Free Trade Agreement with the further signing of bilateral trade agreements the member states with other countries as well as multilateral negotiations in the area of trade liberalization was substantiated.
Authors and Affiliations
Natalia Komar
Keywords
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