FTA Provisions
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The FTA eliminates all tariffs, reduces many non tariff barriers, liberalizes investment requirements, and provides a new framework for trade in services between the US and Canada, over time.72 Canadian tariffs will be reduced to a much greater extent than will American tariffs, because Canadian tariffs were much higher at the beginning. The mean Canadian tariff on dutiable imports from the US was 9.9 percent prior to implementation of the FTA, while the mean American tariff on dutiable imports from Canada was only 3.3 percent.73 A comparison of pre FTA tariffs is presented in Table 4, which may be found on the following page.The customs territory included in the FTA does not include the American territories Puerto Rico, the Virgin Islands, and so forth.74 Thus, goods from these territories shipped to Canda through the US will continue to be subject to Canadian tariffs. 72Communication From the President, H. Doc. 100 216. Pre FTA Canadian and US Tariffs Applicable to Dutiable Imports from the Other Country =============================================================== Product Tariff American Canadian Aircraft 0.0% 0.2
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ee trade agreement. There is a danger that proponents of the FTA will claim that64 65 any growth experienced subsequent to 1 January 1988 is the result of the FTA. Such claims, however, would overlook past history.
The most significant effect of the FTA will likely involve the integration of the economies of the FTA countries. Such integration will, should it occur, lead to significant eco nomic, social, and political changes not foreseen (at least publicly) as results of the FTA. In most instances, such developments will likely result in greater changes in Canada than in the US. When one mixes 10 liters of water with one liter of milk, one gets slightly cloudy water not watery milk. Integrating 25 million Canadians with 250 million Americans simply will not likely leave much of a distinctly Canadian identity. Such an integration, however, would result in little change in the American identity.
The changes of the character indicated above will not occur strictly as a result of the implementation of the FTA. Rather, they will likely occur as the result of the implementa tion of the FTA in conjunction with the transistion in North America from an industrial to a post industrial society and economy.
Post Industrial Societ
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Approximate Word count = 6745
Approximate Pages = 27 (250 words per page)
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