PO329 Lecture Notes - Lecture 7: North American Free Trade Agreement, Trade Bloc, World Trade Organization
Document Summary
Built on a prior canada-us trade agreement. Canada-us free trade agreement (cufta: came into force in 1989. Largest bilateral free trade agreement at the time. Trading billion worth of goods annually when it was signed. The idea of free trade in north america. Wilfrid laurier lost his election in 1911 over free trade with the united states. Worries about american influence investment branches of american multi-national corporations. Those in favour wanted to diversify the canadian economy; improve its competitiveness; secure access to us markets. We heavily depend on the united states in trade. Trade agreements bring stability and dependency: canada making sure that the access to market we have enjoyed will not be jeopardised in the event there are issues in the us economy and government. Again led to an election: liberals were opposed, mulroney conservatives were in favour, conservatives won with a reduced majority. Ease the movement of goods and services across borders in north america.
