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Excerpt from How Nafta Will Affect U. S. Agriculture, Vol. 1: Hearing Before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Third Congress, First Session on the Effect of the North American Free Trade Agreement (Nafta) On U. S. Agriculture; September 21, 1993 I am delighted to have the Secretary of Agriculture, a good friend, here. I am told the Trade Representative is tied up in a meeting. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. The agreement may have accelerated the trade liberalization that was already taking place, but many of these changes may have taken place with or without an agreement. Nevertheless, NAFTA is significant because it was the most comprehensive free trade agreement (FTA) negotiated at the time and contained several groundbreaking provisions. This book provides an overview of North American trade liberalization before NAFTA, an overview of NAFTA provisions, the economic effects of NAFTA, and policy considerations. This book also examines the integration of North America's agricultural and food markets as a result of the North American Free Trade Agreement.