Free trade pact could shift US jobs warns economists
Washington economists predict NAFTA will initially dislocate some workers as industries relocate to Mexico and US competitiveness drops in low-cost production areas. The pact, concluded yesterday, may not start before 1994, but long term benefits could reach hundreds of thousands across auto parts, tooling, and related sectors.
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Mark Zandi
Regional Financial Associates
U S Exports to Mexico to Become Duty Free
On January 1, 1994 half of all U S exports to Mexico will enter duty-free under a new agreement. The change aims to boost trade by removing tariffs on a broad range of goods.
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