Congressional Digest

International Debates Archives May 2005 No. 5 Vol. 3
United States of America

The Ongoing NAFTA Debate

The Trade Agreement in Its Second Decade

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United States of America

Under Secretary Grant Aldonas

The United States has been part of the North American Free Trade Agreement since January 1, 1994. U.S. President George H.W. Bush signed NAFTA on December 17, 1992. President Bill Clinton signed the Agreement’s implementing legislation into law on December 8, 1993. Grant Aldonas is the U.S. Under Secretary of Commerce for International Trade. The following is excerpted from his April 20, 2004, testimony before the Senate Committee on Foreign Relations Subcommittee on International Economic Policy, Export, and Trade Promotion.In assessing NAFTA’s impact on our economy, it is important to focus on what trade liberalization really does. The argument over…

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