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NAFTAThe North America market is one of the richest in the world Measured interms of GDP it is the equivalent of Western Europe But with a somewhatsmaller population GDP per capita in North America Canada Mexico and theUS is around 12 percent higher than in Western Europe The North AmericanFree Trade Agreement NAFTA which came into effect January 1 1994 setsout the schedule for tariff elimination for members As a small countryCanada has always been careful in its dealings its large neighborthe US however compliance to this agreement threatens our very existenceCanada was unfairly taken advantage of in the singing of this agreementour identity of a sovereign nation is at riskThe North American market is also one of the most sophisticated and demandingIt is an excellent base from which to develop and launch new products Froma Canadian base companies can establish a solid market position throughoutNorth America and then reach out to serve global markets This agreementwhich and contains many key provisions to facilitate the conduct of businessamong the three countries has been a benefit to Canada-US-Mexico tradeThe continent-wide transportation system that binds this market togetheris efficient and cost-effective Carriers of all modes are investing in moresophisticated technology and entering into strategic alliances to improveservice Border crossings are becoming easierCanada provides an ideal location for serving the entire North American marketCompanies based in Canada have preferred access to a market of 380 millionpeople with a combined Gross Domestic Product GDP of more than 10 trillionCanadian dollars However our participation in the agreement allows theUS unobstructed to our market This poses a serious problem when lookingat pure numbers Canada is a country of approximately 28000000 people andthe US a country of about 280000000 The extra 0 means the US inten times greater then Canada in population size The implications of thisare enormousBecause of the difference in size it is logical to assume that the averageCanadian firm is about ten times smaller then its US counterpart As
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