08 Abr Canada`s First Free Trade Agreement
Is the U.S.-Canada Free Trade Agreement the launch of a new U.S. approach to a broader policy framework between the United States and other countries that abandons multinational trade agreements, the GATT agreements, which have been in place since 1945? Would the United States prefer these bilateral agreements with Japan and the European Community as the basis for trade issues, but in the broader agenda of military, political and technological issues between the world`s largest market economies? To the surprise of the International Minister of Trade, James Kelleher of his department and, indeed, of the Cab-Inets as a whole, the consultations created an overwhelming consensus in the Canadian economy to put pressure on a bilateral trade agreement, «the cause not to ignore itself, the Liberal defeat in the trade consultation in 1911. This time, the Canadian pri-vate sector and many labour advocates, academies and some provinces formed an electoral district for a free trade agreement with the United States. The Prime Minister took the initiative and announced the launch of the free trade initiative between the United States and Canada on September 26, 1985. Nafta is technically a free trade area, but with some attributes of a customs union – in which Member States maintain the same obligations and rules with regard to third countries – and also with certain attributes of a common market that allows the free movement of factors of production (labour and capital) between Member States. For example, these attributes are the pressure on Canada and Mexico to comply with U.S. tariffs; Detailed rules of origin that require high North American content for a wide range of consumer products; liberalisation of trade in services, including financial services and capital flows in general; and to improve the international free flow of services and businessmen and many professionals. Resource-sharing agreements (particularly between Canada and the United States) also indicate a common market. Shortly after Mulroney was elected on September 4, 1984 with the largest parliamentary majority in Canadian history, Mulroney accepted the President`s invitation to bilateral talks in Washington. During these meetings, President Reagan reiterated his 1980 initiative for a free trade area between Canada and the United States and Mexico, which linked the peoples of all North America to a new liberalized trade regime, no matter how vague the details may be. At that time, exhausted by the long 58-day national campaign, and concerned about the need for a new government and cabinet, Mulroney only insisted on a new bilateral process «an annual meeting of presidents and prime ministers and a quarterly meeting of Canadian and American ministers. In the end, the 1988 election was a turning point for the Canadian economy. Mr.
Mulroney won 170 seats in an expanded House of Commons and all 26 seats in Alberta and most of Quebec, 63 out of 75.