Peculiarities of the integration processes of NAFTA countries
DOI:
https://doi.org/10.31558/2307-2318.2021.2.7Keywords:
international economic integration; regional integration groups; free trade area; American Canadian free trade agreement; north American free trade agreement (NAFTA).Abstract
The article describes and investigates the NAFTA integration alliance. The main economic indicators of countries before and after the integration association are described. The indicators of GDP, FDI, exports and imports within the union and to other countries of the world are explored. Both the economic indicators of each country separately and the integration association as a whole are analysed. The conclusions about the impact of the integration grouping on the member countries are drawn.
The contradictions between the member countries are revealed. The main problems of the grouping and the reasons for the creation of a new association - UMSCA are defined. The new provisions of the trade agreement between the United States, Canada and Mexico are indicated. The importance of signing the new agreement is pointed out. Assumptions about the further economic development of countries within the framework of the new association are elaborated.
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