The Challenge of NAFTA
The Challenge of NAFTA

Author: Lyndon B. Johnson School of Public Affairs

Publisher: [Austin, Tex.] : Lyndon B. Johnson School for Public Affairs

Published: 1993

Total Pages: 406

ISBN-13:

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ANZUS Economics
ANZUS Economics

Author: Richard W. Baker

Publisher: Praeger

Published: 1992-11-30

Total Pages: 286

ISBN-13:

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This work is the second in a series examining the changing nature of one of the United States most important relationships, the ANZUS Alliance, linking the U.S., Australia, and New Zealand. The volume describes the evolution of the three countries respective domestic economic structures, international economic orientations, and relationships with each other in the period since World War II. The study concludes that the most significant common economic interest of the three is the preservation and strengthening of an open international economic order and trading system, an interest sorely tested in the present difficult economic times. Still, the experts here find that Australia, New Zealand, and the U.S. must match trends toward greater economic interdependence with workable mechanisms and concerted action to achieve their truly common interests in the international economic system. This important work will be of interest to scholars in international relations, generally, and international economic systems, specifically.

How Diplomatic Lobbying Affected the US-Australia Free Trade Agreement Negotiations
How Diplomatic Lobbying Affected the US-Australia Free Trade Agreement Negotiations

Author: Dr. John Chuol Muon (Ph.D.)

Publisher: GRIN Verlag

Published: 2022-06-08

Total Pages: 35

ISBN-13: 3346658457

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Academic Paper from the year 2018 in the subject Economics - International Economic Relations, grade: A, , course: International Relations, language: English, abstract: The first of January 2005 marked a new beginning for the country of the USA and Australia in their quest towards prosperity, economic integration, and a strong partnership. As heralded by the Australian government of the time, “once in a lifetime deal” that tied them to the world’s biggest economy and the most powerful country. Thus, it came into force the Australia-US Free Trade Agreement (AUSFTA) as a bilateral trading partnership between the two countries. The Trade Agreement that was proposed by the USA to Australia as long back as in 1945, but not until the strong tie between George W Bush and John Howard, that the proposal finally started moulding into shape. With President Bush giving a green signal for the Free Trade Agreement to be taken forward in 2001, the Centre for International Economics (CIE) was deputed by the Australian Department of Foreign Affairs and Trade (DFAT) in 2004 to make an analysis of the Economic Impact of the AUSFTA on the Australian Trade Front. CIE concluded in the prospects of large economic gains of the country. Thus the two governments celebrated the initiation of a ‘win-win’ trade agreement which would go beyond economic impacts and would result in a strong partnership between the two countries in the next round of WTO DOHA multilateral trade negotiations and result in a successful relationship with their counterparts in the Asia Pacific region.

The North American Free Trade Agreement
The North American Free Trade Agreement

Author: Marc Grezlikowski

Publisher: GRIN Verlag

Published: 2009-07-23

Total Pages: 21

ISBN-13: 364038184X

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Seminar paper from the year 2007 in the subject Politics - Region: USA, grade: 2,3, Free University of Berlin, language: English, abstract: In the wake of globalization, many countries are reducing trade barriers and tariffs, resulting in a rise of free-trade areas in which the participating countries trade freely among each other without any restrictions. The goal of these agreements is the increase of wealth in each nation’s economy. To reach this goal, the USA, Canada and Mexico negotiated the North American Free Trade Agreement (NAFTA) which came into effect on January, 1st 1994. It was the world’s largest free-trade area with a combined population of over 360m people and a total GDP of 6$ trillion. Today, the NAFTA area comprises a 12.5$ trillion economy and a 430m strong population. For the first time, two highly industrialized, rich countries affiliated themselves with a poorer, newly industrialized country. At the time of its ratification, the agreement was extremely controversial in all three member states and opinions in political camps differed vastly. Supporters of the contract were mostly big companies and investors who were hoping that it would loosen restrictions and barriers on the capital market. Opponents of the agreement were trade unions which, especially in the United States, railed heavily against it. They feared outsourcing and massive job displacements to Mexico, a country in which labor is incredibly cheap and environment protection laws are lax or do not even exist. In Mexico, landowners were skeptical of NAFTA because they feared unfair competition with US-American farmers who are still to this day greatly subsidized by the government.