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INTERNATIONAL TRADE POLICY | Suntak Project Management SA de CV


Perspectives of Mexico in the renegotiation of NAFTA.

NAFTA is a Free Trade Agreement that was negotiated by then President George H.W. Bush and President Carlos Salinas de Gortari in 1992, which was approved by the North American Congress and the Mexican Senate. This Treaty entered into force as of January 1, 1994, its main objective was to free trade and investment between the United States, Mexico and Canada, for which it was agreed to eliminate tariffs on imports between the United States and Mexico in a period of 10 years, except for some product.
As a result of the above, between 1993 and 2013 (date on which iberalization
was completed as a result of NAFTA) trade between the United States and Mexico increased fivefold, the Treaty also promoted the integration of a regional market in energy and industry specific, such as automotive, electronics and textiles.


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