The Canada-US Free Trade Agreement: Implications for the Global Trading Regime
Negotiations between Canada and the USA for a free trade agreement began in May 1986 and concluded in December 1987. Following approval of domestic implementing legislation in the Canadian Parliament and the US Congress, the Canada-US Free Trade Agreement1 entered into effect on 1 January 1989. The FTA is the largest free trade agreement ever concluded between two countries.2 It is, moreover, the first economically significant bilateral or multilateral trade agreement to be concluded since the end of the Tokyo Round in 1979.3 The Agreement not only responds to the unique needs of Canada and the USA but it reverses the growing trend to protectionism in international trade by providing a tangible demonstration of the economic and political vitality and viability of trade liberalization.
KeywordsTrade Liberalization Bilateral Trade Free Trade Agreement Dispute Settlement National Treatment
Unable to display preview. Download preview PDF.
- 11.For a fuller discussion, see M. Hart, ‘The Mercantilist’s Lament: National Treatment and Modern Trade Negotiations’, Journal of World Trade Law, 21 (1987) pp. 317–56.Google Scholar
- 48.See G. Patterson, ‘The European Community as a Threat to the System’, in W.R. Cline (ed.), Trade Policy in the 1980’s (Washington, DC: Institute for International Economics, 1983).Google Scholar
- 52.J. Viner, The Customs Union Issue (New York: Carnegie Endowment for International Peace, 1950).Google Scholar
- 53.See P. Wonnacut and M. Lutz, ‘Is There a Case for More Free Trade Areas?’ in J.J. Schott (ed.), Free Trade Areas and US Trade Policy (Washington, DC: Institute for International Economics, 1989).Google Scholar