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The North American Free Trade Agreement (NAFTA) entered into force
on January 1, 1994. The overall economic impact of NAFTA is
difficult to measure since trade and investment trends are
influenced by numerous other economic variables, such as economic
growth, inflation, and currency fluctuations. The agreement may
have accelerated the trade liberalization that was already taking
place, but many of these changes may have taken place with or
without an agreement. Nevertheless, NAFTA is significant because it
was the most comprehensive free trade agreement (FTA) negotiated at
the time and contained several groundbreaking provisions. This book
provides an overview of North American trade liberalization before
NAFTA, an overview of NAFTA provisions, the economic effects of
NAFTA, and policy considerations. This book also examines the
integration of North America's agricultural and food markets as a
result of the North American Free Trade Agreement.
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R205
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