Monetary Policy between Mexico, United States of America, and Canada

This article examines the evolution of the monetary policy of the economies that make up the North American Free Trade Agreement ( NAFTA ), for the period 1980-2015. Based on an empirical analysis, which includes the scrutiny of stylized facts of the monetary variables of Canada, the United States and Mexico, causality tests Granger quality and error correction models ( VEC ), it is concluded that, in parallel to the trade integration process of these countries, the monetary side of NAFTA exhibits divergences and convergences that imply an asymmetric integration of the economy Mexican with the United States and, to a lesser extent, with Canada.

Benefits of key Asia-Pacific trade pact will be uneven

Significance RCEP, which involves the ten ASEAN states and five of the bloc’s Asia-Pacific partners, will be the world’s largest free trade agreement (FTA), covering more than half its exports and almost one-third of its GDP. Impacts RCEP should help drive economic recovery in South-east Asia in the short term as the region tries to manage a COVID-19 resurgence. Western states will benefit from RCEP commitments to maintaining open markets and supporting the global trading regime. A failure by members to formulate a unified response to climate change could lead to punitive trade measures from external players.

Negotiating Trade in Services with China from the Uruguayan Perspective

We focus on trade in services, and we aim at assessing the concessions made by China when negotiating trade agreements. Additionally, we shed light on the opportunities that Uruguay may have in exporting services to China in case of signing a Free Trade Agreement (FTA). The debate on this issue started in 2016 when Uruguayan President Vázquez visited China and with Chinese President Xi Jinping raised the possibility of signing a FTA. Since then, opposing arguments have been put forward. Unfortunately, the lack of bilateral information on trade in services is a limitation for this kind of studies. It is highlighted that there will be additional large gains which would emerge from trade in goods, cooperation or investments.

Estados Unidos e NAFTA

O artigo analisa os principais argumentos que permearam a renegociação do North American Free Trade Agreement (NAFTA, na sigla em inglês), do ponto de vista dos Estados Unidos, advindos tanto do Executivo quanto do Legislativo e de coalizões internas norte-americanas. O objetivo foi demonstrar a hipótese de que a radicalização do discurso presidencial foi uma estratégia para garantir tanto melhores condições de negociação, como a própria aprovação do acordo. Para tanto, foi feito um mapeamento das declarações de grupos domésticos, como de empresas, associações e governos estaduais, e de estudos oficiais do serviço de pesquisa congressual sobre temas de política externa e de suas audiências. Isso possibilitou identificar os setores de apoio e oposição às negociações, e como o comportamento radicalizado do presidente estimulou a constituição de uma base de apoio à permanência dos EUA no NAFTA a partir da modernização do tratado, garantindo sua aprovação no Congresso.

Indonesian Trade Deficit with China: Background and Grey Forecasting

Indonesia's trade balance with China has remained negative since 2010. The current study forecasts Indonesia's trade deficit with China for five years using the Even Grey Forecasting model EGM (1,1,α,θ). The sample was conducted by collecting the data of traded deficits for the past ten years. Data were collected from the official websites of Indonesia's Central Bureau of Statistics of (BPS), Ministry of Trade, among others. By building upon the literature, the study argues that trade deficits might have occurred from internal and external factors, such as the lack of infrastructure, the depreciation of the Rupiah (Indonesian currency) against the U.S. dollar, and the ASEAN-China Free Trade Agreement. Comparative analysis with Linear Regression (LR), Exponential Regression (ER), and Exponential Triple Smoothing (ETS) revealed the superiority of the grey forecasting model for trade deficit prediction. The study found that the trade deficit was minimum during the COVID-19 pandemic. It also showed an increasing trade deficit in the post-COVID period. The study concludes with some recommendations for Indonesia to minimize the trade deficit.

Implementation of Human Rights and the Mandatory Precedents in Foreign Trade, Legal Effectiveness: Mexico Case

We make an analysis of the implementation of human rights and the mandatory precedent in matters of Mexican foreign trade, in an administrative and judicial context in the search for legal effectiveness with constitutional control, highlighting the implementation of human rights contained in treaties commercial, such as access to justice and prompt and expeditious; We point out a recent case of human rights and foreign trade, with the implementation in the Mexican legal system, of the Free Trade Agreement Mexico United States Canada, before the Supreme Court of Justice of the Nation, as well as a possible proposal before the provisions of its Article 14.D.5, regarding the right of access to prompt and expeditious justice in investment matters, and avoiding the resolution of controversies before international arbitration panels that have been questioned.

North American Free Trade Agreement

The article deals with the relationship between the United States and Mexico from the perspective of the US national security. The key areas of strategic interest in Mexico on the part of the United States include: limiting illegal immigration, fighting drug-related crime, economic cooperation, both bilateral and in the wider international dimension, for example the North American Free Trade Agreement. According to the United States, all three factors and their successful implementation are necessary and constituent elements of the national interest of the United States in its most important scope, that is, in increasing the security of the state. The analysis focuses on the U.S. economic relations with Mexico at the turn of the 20th and 21st centuries. The basis of economic relations between these countries is the North American Free Trade Agreement. The genesis of the NAFTA agreement and its effects on mutual relations in the context of the U.S. national interest and security was presented. Additionally, the reasons for President Donald Trump’s change from NAFTA to USMCA are described, from the perspective of U.S. strategic interests.

The Turkey-UK Free Trade Agreement in Terms of Economic Diplomacy

This article scrutinizes relations between economic diplomacy and free trade agreements by focusing on the Turkey-UK free trade agreements which came into force in 2021. Accordingly, the article first introduces the concept of economic diplomacy, an important issue as it has been shown that bilateral trade agreements, nowadays preferred by many countries, can be used as a tool of economic diplomacy. The article then discusses the history and development of free trade agreements signed by Turkey, including its long-running experience of economic integration with the European Union. Although Turkey began establishing free trade agreements in the 1990s, it has been concentrating on and accelerating its use since 2000. Based on economic and political reasons underlying the free economic agreements, the reasons why Turkey and the UK have reached such an agreement are summarized. Economic relations between the two countries are then analyzed and the details of the agreement are investigated in the context of the changes that it provides.