Chicago, Illinois (PRWEB) April 23, 2014
Today, the Texas A&M Transportation Institute (TTI) released a meta-analysis of research on the North American Free Trade Agreement (NAFTA), revealing the state of knowledge about the landmark trade agreement’s impacts on trade, energy and the environment. NAFTA 20 Years After affirms agreement among prior research studies that while the long-term outlook for North American competitiveness is promising, our future demands deeper integration of the three economies, better infrastructure and streamlined cross-border processes.
“Findings from the meta-analysis show that all three North American economies have benefited enormously from NAFTA over the past 20 years,” said Juan Carlos Villa, trade expert and Latin America Regional Manager at TTI. “Efficient border crossing processes, improved cross-border trucking, updated infrastructure with increased use of technology, and information exchange are some of the key elements that require continued work.”
The TTI research team reviewed numerous research reports published over the past ten years to identify points of consensus among researchers on the outcomes of NAFTA implementation and on recommendations for improvement. Chief among the successes are harmonization of climate change policies and efficient tri-lateral energy production supply chains. These developments have contributed to U.S.-Canada surface trade doubling and U.S.-Mexico trade quadrupling in the twenty years since the implementation of NAFTA. The study also provides an overview of broadly-agreed upon barriers holding back further economic success.
“NAFTA 20 Years After identifies expert agreement on unresolved issues stalling the advancement of economic integration that would make the entire North American trade bloc more competitive,” said Dr. Stephen Blank, Co-Chair of the North American Transportation Competitiveness Research Council. “Policy and process modernization is lagging behind the pace of growth.”
“Modernizing our land border-crossing processes and investing in much-needed infrastructure will ease congestion and tri-lateral commerce will benefit,” said Leslie Blakey, Executive Director of the Coalition for America’s Gateways and Trade Corridors. “This study underscores the necessity for a dedicated freight infrastructure fund in the United States. Our current haphazard approach to investment impedes the flow of commerce throughout the entire NAFTA bloc.”
Key points addressed in the meta-analysis include:
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About the Coalition
The Coalition for America’s Gateways and Trade Corridors (CAGTC) is a diverse coalition of more than 60 public and private organizations dedicated to increasing federal investment in America’s intermodal freight infrastructure. In contrast to single mode interests, CAGTC’s main mission is to promote a seamless goods movement transportation system across all modes to enhance capacity and economic growth. For more information on the Coalition for America’s Gateways and Trade Corridors, please visit http://www.tradecorridors.org.