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NAFTA AND THE US CONGRESSIONAL SYSTEM This rese

NAFTA AND THE US CONGRESSIONAL SYSTEM

This research paper analyzes and evaluates the operation of the U.S Congressional system in considering and acting upon the North American Free Trade Agreement (NAFTA) in the fall of 1993 and subsequent Congressional monitoring of the effects of NAFTA. After a divisive political controversy, Congress approved NAFTA by a sizeable margin as a result of intensive lobbying efforts of a centrist coalition led by the Clinton administration and the Congressional leadership of the Republican Party. The truncated legislative process involved led to inadequate discussion of the underlying substantive issues and grossly exaggerated claims and statements made by many NAFTA supporters and detractors. Subsequent events have generally chilled for the time being any moves by Congress to modify NAFTA or to cooperate with efforts by the administration to extend to other Latin American nations NAFTA-type access to the American market.

Background to the Controversy Over NAFTA of Late 1993

During the closing months of the Bush administration, the NAFTA agreements negotiated with Canada and Mexico provided for the gradual phasing out trade barriers among those countries and the United States over the succeeding 15 years. Duty reductions between the United States and Canada were not a major topic of controversy. The percentage of U.S.-Mexico trade which would be free of tariffs under NAFTA was as follows:

U.S. imports from Mexico U.S. exports to Mexico

Pre-NAFTA 13.9 17.9

1/1/94 67.7 48.9

By 1/1/99 76.2 66.3

By 1/1/04 99.3 98.1

By 1/1/09 100 100 ("Mexico" 3)

NAFTA also guaranteed for the life of the treaty the benefits of recently enacted Mexican legal protections for foreign investors in Mexico and set up neut...

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NAFTA AND THE US CONGRESSIONAL SYSTEM This rese. (1969, December 31). In LotsofEssays.com. Retrieved 02:23, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1708002.html