NAFTA.


You may be pro “free trade” (I am) or you may believe that the term is an oxymoron. For a variety of reasons I am coming to believe that true “free trade” cannot exist in the milieu of fiat currencies.

NAFTA, the North American Free Trade Agreement, is a three-country accord negotiated by the governments of Canada, Mexico, and the United States that entered into force in January 1994. NAFTA fundamentally reshaped North American economic relations. It was negotiated by Republican President George H.W. Bush and passed through Congress and implemented under Democratic President Bill Clinton. It encouraged a more than tripling of regional trade and cross-border investment.

I am awaiting further information to decide whether or not the USA is getting the short end of the stick on NAFTA. But for your information I present the graph below,

Roy Filly

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About Roy Filly

Please read my first blog in which I describe myself and my goals.
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2 Responses to NAFTA.

  1. Bill Grisham CPA says:

    The differences between the government estimates of sales between the different countries must lie in the accounting methods used by each country to measure those trades. It kind of makes you wonder who’s adding up the numbers.

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