NAFTA & North American Manufacturing
New Year’s Day 2014 will mark the 20th anniversary of the implementation of the North American Free Trade Agreement (NAFTA). As one of the largest free trade areas in the world, the NAFTA region comprises nearly 450 million people, accounts for nearly $1.5 trillion in annual cross-border trade and has fostered a $700 billion cross-border investment relationship. One of the key benefits of NAFTA is the thriving manufacturing sector that has resulted from the development of integrated supply chains, which allow each country to specialize in different parts of the production process in order to export more competitive goods abroad. This integration has provided a significant impetus to job creation across the continent. As negotiations heat up on the Trans Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) agreements, NAFTA’s success in spurring manufacturing should be part of the conversation.
Carlos LEITAO, Chief Strategist and Chief Economist, Laurentian Bank Securities;
Michael R. MCADOO, VP, Strategy and International Business Development, Bombardier Aerospace;
Kenneth SMITH, Head of the Trade and NAFTA Office, Ministry of the Economy of Mexico in the US.
Moderator: Linda MENGHETTI DEMPSEY, VP, International Economic Affairs, National Association of Manufacturers (NAM)