INTB 1203 Lecture Notes - Lecture 8: Andean Community, Gulf Cooperation Council, Mergers And Acquisitions
16 Dec 2016
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Chapter 9: regional economic integration: natfa and the rest of the world. By 2004, tariffs abolished on 99% of goods. Two commissions to impose fines and cut trade privileges when health, safety, wage, child labor violations occur. Mexico supplies half of us fresh tomato market. Feb. 2013 agreement raised minimum price (instead of imposing us tariffs) 370 us companies supported mexico"s offer to raise minimum price instead of having us tariffs on tomatoes; otherwise mexico threatened to retaliate and impose tariffs on other us goods. Florida certified greenhouse farmers dropped 1990s antidumping suit of mexican tomatoes sold in the us. 16,000 mexicans legally worked seasonally in canada in 2012; plans to triple; Us grants 50,000 seasonal agricultural visas annually, but the process is slow, earn /hr (=daily mexican wage); coordinated by both governments bureaucratic and exploitive (cid:523)(cid:498)shady(cid:499) recruiters overcharging for visas(cid:524); us employers frustrated & fear labor shortage. 1993-2005, labor productivity in mexico increased 50%
