NAFTA and Mexico’s Trade Policy.
Interview with Ildefonso Guajardo
Towards a New State Foreign Trade Policy.
Francisco Suárez Dávila*
The effect of the transfer of operations from the United States to Mexico by transnational companies has been widely documented. Various studies show that the benefit to employment, sales and investment has been mutual. The results of one of those studies are set out here.
The Trump administration has argued that the US budget deficit is due to trade agreements such as the NAFTA. Behind this argument, however, there are more politics than mathematics. Imminent tax reform in the United States does nothing but confirm this fact.