North America and Access to the EU Market

First it was Mexico. Then Canada. Now, the United States looks forward to negotiating a free trade agreement with the European Union.

Mexico’s free trade agreement with the EU took effect in 2000 for goods and in 2001, services. Canada is still trying to finalize its trade negotiations with the EU since the first round took place in October 2009. (Next week: Guest Post by a former Canadian trade representative on the Canada-EU trade talks) The United States anticipates starting negotiations with the EU by June 2013.

The success of a trade deal between the EU and all three North American countries will enhance Trans-Atlantic trade. Formal trade across the Atlantic will add to the Trans-Pacific trade bloc, which is currently being negotiated and includes Mexico, Canada and the United States.

We will only know the effects of the different agreements across both the Atlantic and Pacific once talks are actually finalized and the deals implemented. Nonetheless, it reminds me of economist Jagdish Bhagwati’s warning of the spaghetti bowl effect, in which there are a number of overlapping trade agreements. In other words, it will be interesting to see what the Trans-Pacific Partnership Agreement (Mexico, Canada, United States, and nine other countries) will mean for current trade pacts such as the North American Free Trade Agreement (Mexico, Canada, United States). Furthermore, it is worth seeing how the different North American countries’ access to the EU market will be impacted by separate trade deals with the EU, provided that Canada and the United States finalize an agreement with the EU.

Keep up with these discussions through a free subscription (see top right corner to follow), Facebook and twitter (@intltradexaminr). 

Protected by Copyscape Originality Checker

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License

About Dr. Sarita D. Jackson

is the President and CEO of the Global Research Institute of International Trade, a think-tank/consulting firm that examines trade policies and their impact on domestic businesses. Prior to heading GRIIT, Dr. Jackson was a tenured associate professor of political science in North Carolina and worked as a trade policy consultant for an Arlington-based consulting firm. She has participated in trade policy projects and conducted research on free trade negotiations in Botswana, Antigua and Barbuda, Dominica, Dominican Republic, Mexico and Panama. Dr. Jackson has also traveled to Chile and Argentina to study their political systems and economic integration policies.
This entry was posted in Cross-regional Free Trade Agreements, Free Trade Agreements, Free Trade Talks/Proposals, International Trade and tagged , , , , , , , , , , , , , . Bookmark the permalink.

2 Responses to North America and Access to the EU Market

  1. Lorenza says:

    Excellent goods from you. I understand your stuff
    previous to and you’re just extremely great. I really like
    what you’ve acquired here, really like what you’re stating and the
    way in which you say it. You make it enjoyable
    and you still care to keep it smart. I cannot wait to read far more
    from you. This is actually a great site.

    Lorenza recently posted…LorenzaMy Profile

  2. Spot on with this write-up, I actually believe that this amazing site needs much
    more attention. I’ll probably be back again to read through more, thanks for the info!
    debt consolidation review recently posted…debt consolidation reviewMy Profile

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge