{ "id": "RS20229", "type": "CRS Report", "typeId": "REPORTS", "number": "RS20229", "active": false, "source": "EveryCRSReport.com", "versions": [ { "source": "EveryCRSReport.com", "id": 102538, "date": "1999-06-10", "retrieved": "2016-05-24T20:44:26.746941", "title": "NAFTA: Economic Effects on the United States After Five Years", "summary": "The main economic benefit of the North American Free Trade Agreement (NAFTA) is that, over\ntime, it is expected to increase productivity and incomes in the United States, Mexico and Canada. \nIn the near term, some reallocation of resources occurs within each country, generating gains for\nsome producers and workers and costs for others. Since the Mexican and Canadian economies are\nsmall relative to the U.S. economy, both the long-term benefits and short-term adjustment costs of\nthe NAFTA to the United States are expected to be small. The data suggest that NAFTA has had\na positive, but small, effect on U.S. trade with Mexico and that U.S. direct investment in Mexico\nremains very small relative to total U.S. investment abroad. The number of workers displaced by\nimport competition with Canada and Mexico or production shifts to those countries is estimated to\nbe very small compared with total U.S. employment.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS20229", "sha1": "a7bb4213de6c657f44a49cd2f6d114cd88d3351b", "filename": "files/19990610_RS20229_a7bb4213de6c657f44a49cd2f6d114cd88d3351b.pdf", "images": null }, { "format": "HTML", "filename": "files/19990610_RS20229_a7bb4213de6c657f44a49cd2f6d114cd88d3351b.html" } ], "topics": [] } ], "topics": [ "Foreign Affairs", "Industry and Trade" ] }