Agriculture at a Glance for NAFTA Plus One United States Canada Mexico Chile
by Stephen Haley, Suchada Langley, Gary Lucier, David W. Skully, and Jim Stout
International Agriculture and Trade Outlook No. (WRS-0925) September 1996
Trade in agricultural products is expected to grow rapidly over the next decade both within the North American market and between North America and the rest of the world. Trade liberalization under the North American Free Trade Agreement (NAFTA) will continue to bolster the economic forces that are promoting trade growth, including favorable socioeconomic conditions, complementary resource endowments, and changing consumer preferences. By 2005, intra-NAFTA trade in agricultural products is projected to reach $30 billion, up from about $19 billion in 1995. North American exports to the rest of the world will also grow rapidly as strong economic growth and trade liberalization under the WTO expand markets.
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