American Journal of International Law · 1990 · 47 citations · 1 references
Social SciencesEconomicsInternational RelationsForeign Direct InvestmentInternational TradeInternational Trade PolicyInternational CooperationTrade GovernanceTrade LiberalizationTrade PolicyTrade PoliticsTrade RegulationBilateral Trade LiberalizationFree Trade Agreement RulesInternational Trade NegotiationsMultilateral Trade LiberalizationMultilateral Trade RelationsTrade Policy Reform
This is a good deal, a good deal for Canada and a deal that is good for all Canadians. It is also a fair deal, which means that it brings benefits and progress to our partner, the United States of America. When both countries prosper, our democracies are strengthened and leadership has been provided to our trading partners around the world. I think this initiative represents enlightened leadership to the trading partners about what can be accomplished when we determine that we are going to strike down protectionism, move toward liberalized trade, and generate new prosperity for all our people. On January 2, 1988, President Ronald Reagan of the United States and Prime Minister Brian Mulroney of Canada signed the landmark comprehensive Free Trade Agreement (FTA) between the two countries that already enjoyed the largest bilateral trade relationship in the world. The FTA was subsequently ratified by the legislatures of both countries, if only after a bitterly fought election on the subject in Canada. On January 1, 1989, the FTA formally came into effect.
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