Free trade treaty seen as boom for most U.S., Canadian firms

del Prete, Dom
July 1990
Marketing News;7/9/1990, Vol. 24 Issue 14, p6
Trade Publication
The article presents information about the U.S.-Canada Free Trade Agreement (FTA). The FTA will phase out tariffs between the two nations by 1998. This agreement will enable the two nations to compete against the European block and the Asian/Pacific Basin Countries, effectively. Large businesses will benefit from the agreement as they'll be able to build plants where it's most efficient, without worrying much about geographical barriers. Many industry sources are already giving their approval of the agreement. The FTA has already eliminated tariffs on wine and raw hides and will lift assessments on meat products and art works by 1995 and steel products and furniture by 1998. INSET: Border searches get tougher..


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