Nafta due to end most barriers to trade among U. S. , Mexico, Canada
This paper reports that energy companies in the U.S. will benefit --- but not as much as they had hoped --- from the recently drafted North American Free Trade Agreement (Nafta) among the U.S., Mexico, and Canada. Nafta would remove most of the trade barriers between Mexico and the other two countries and supplement the U.S. - Canada Free Trade Agreement to create an open market in North America totaling $6 trillion/year in products and serving more than 360 million persons. Nafta was negotiated under a law that allows Congress to consider the pact for only 90 days, then vote on it without amendments. The pact marks the first time the U.S. has covered environmental concerns in a trade treaty, mainly pollution along the U.S.-Mexico border. The pact also is consistent with the international General Agreement on Tariffs and Trade (GATT).
- OSTI ID:
- 7103704
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 90:34; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
CANADA
GOVERNMENT POLICIES
INTERNATIONAL COOPERATION
MEXICO
NATURAL GAS INDUSTRY
TAX LAWS
TRADE
PETROLEUM INDUSTRY
USA
ENVIRONMENTAL POLICY
MARKET
TARIFFS
COOPERATION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
INDUSTRY
LATIN AMERICA
LAWS
NORTH AMERICA
020700* - Petroleum- Economics
Industrial
& Business Aspects
030600 - Natural Gas- Economic
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas