General Motors, the world's largest automaker, has seen clear benefits from the North American Free Trade Agreement (NAFTA), the trade pact between the
"NAFTA has allowed GM to rationalize its vehicle production in
However, even more important for GM, he says, has been the stability of the Mexican economy following the implementation of NAFTA in 1994. "The stability has allowed GM to plan for long-term growth in the Mexican auto market, which has roughly doubled in size," he says. "The stability has also allowed GM to offer vehicle financing to Mexican consumers."
WITHDRAWAL FROM NAFTA?
NAFTA has become a key topic for the
"The comments of both senators were distressing," says Robert Pastor, a former Latin American advisor to President Jimmy Carter and co-director of the Center for North American Studies at the American University in Washington, D.C. "Their ultimatum to our neighbors - either renegotiate or we'll repeal - was as arrogant as anything president Bush has done in the region in the past eight years."
Both seem to be debating issues long since decided and ignoring the real agenda of the next decade, he argues. "Their remarks do not auger well for
US JOB LOSSES
Jeffrey Schott, a senior fellow at the Peter G. Peterson Institute for International Economics, doesn't believe there will be any actual withdrawal from NAFTA despite the threats. "The Democratic critique of NAFTA will not lead to a
Frances B. Smith, an adjunct fellow of trade and consumers at the Competitive Enterprise Institute, agrees. "The presidential aspirants are attempting to win the...
Keywords: Andres Manuel Lopez Obrador, Car Sales in Mexico, CIDAC, NAFTA Achievements, NAFTA Benefits, NAFTA Outlook, NAFTA Side Agreements, NAFTA Weaknesses, Luis Rubio, Trucks, US-Mexico Trade 1993 and 2007