NAFTA Revisited: Achievements and Challenges


October 18, 2005, 12:00 AM EDT
Peterson Institute for International Economics, Washington, DC

Event Summary

The Institute released a comprehensive evaluation of the impact to date of the North American Free Trade Agreement (NAFTA), and the challenges it needs to address in the coming years, at a luncheon meeting October 18, 2005. Coauthors Gary Hufbauer and Jeffrey Schott presented the main findings of their new study, NAFTA Revisited: Achievements and Challenges, which compares actual developments since NAFTA’s creation with the expectations and heated debate it generated at that time and draws implications for future economic cooperation among the three member countries.

Hufbauer and Schott prepared analyses of NAFTA that were widely used both prior to its negotiation in the early 1990s and then again after the agreement was signed and was being considered by the Congress. The new book assesses inter alia the accuracy of their original estimates and brings the NAFTA story up to date as a guide for future policies. In the meanwhile, Hufbauer and Schott have conducted extensive analysis of many other aspects of US trade policy, including the prospects for other FTAs drawing on the NAFTA experience, with a number of other countries and regions.