Free trade risks and rewards : [proceedings of the Conference Free Trade @ Ten, held in Montreal, Jun. 4-5, 1999

Free Trade provides a historical framework for ongoing discussion of economic and environmental issues. While there is empirical evidence on trade flows - they increased dramatically in both directions - the debate on related issues continues. The impact of free trade on jobs and manufacturing productivity, the effectiveness of dispute settlement, the growth of foreign direct investment, the absence of adjustment programs, and the consequences for social programs are all issues for spirited discussion. Many of the leading actors in shaping both the FTA and NAFTA participated in the conference, including former Prime Minister Brian Mulroney, former President George Bush, former U.S. Treasury Secretary and Secretary of State James Baker, former Canadian Trade Ministers John Crosbie and Michael Wilson, former U.S. Trade Ambassadors Clayton Yeutter and Carla Hills, as well as former Mexican Trade Minister Jaime Serra Puche. Other senior officials included Canada's Derek Burney and Simon Reisman. Donald S. Macdonald, chairman of the landmark Royal Commission that recommended the "leap of faith" of free trade, gave the keynote address. A Royal Bank of Canada impact study, "Two Cheers for the FTA," provided a baseline for discussion by a panel of eminent economists from all three NAFTA countries, and strong defences of positions against free trade included presentations by Andrew Jackson of the Canadian Labour Congress (CLC), Jim Stanford of the Canadian Auto Workers (CAW), and Gerald Larose of Quebec's Conseil des syndicats nationaux (CSN). Participants from the provinces included former Ontario Premier Bob Rae, while NAFTA and the environment were considered by a panel led by former Quebec Premier Pierre Marc Johnson and joined by Quebec Liberal Leader Jean Charest. Other participants included Jean Anderson, Laurent Beaudoin, Fernando Clavijo, Thomas d'Aquino, William Dymond, Francis Fox, Jonathan Fried, Michael Hart, Stanley Hartt, Richard Lipsey, Victor Lichtinger, John McCallum, Peter McPherson, Jacques Ménard, William Merkin, Simon Potter, Charles E. Roh, David Schorr, Charles Sirois, Guy Stanley, Yvonne Stinson, Peter Watson, William Watson, L.R. Wilson, and Paul Wonnacott. Free Trade: Risks and Rewards is an important reminder of why the issue was so passionately debated at the time and why it remains important. Machine generated contents note: PART ONE THlE CONTEXT The Road to Free Trade / 3 MICHAEL HART Interviews with Brian Mulroney andJohn Turner / 35 WILLIAM WATSON Leap of Faith / 48 DONALD S. MACDONALD A Signal Moment / 55 JAMES A. BAKER III Where There's the Will/ 61 DEREK H. BURNEY PART TWO THE MAKING OF THE DEAL The Negotiation and Approval of the FTA / 73 L. IAN MACDONALD, CLAYTON YEUTTER, SIMON REISMAN, PETER MCPHERSON, JOHN C. iLIAM MERKIN, CHARLES E. ROH, JEAN ANDERSON',. WILLIAM DYMOND, STANLEY H. HARTT PART THREE, THE RECORD fleiata{U:S. FTA: Real Results versus Unreal Expectations / 99 RICHARD G. LIPSEY From Leaps of Faith to Lapses of Logic / 107 ANDREW N. JACKSON Free Trade in North America: Some Observations / 118 PAUL WONNACOTT NAFTA and the Manufacturing Industry in Mexico: A Preliminary Balance / 122 FERNANDO CLAVIJO PART FOUR SECTORAL PERSPECTIVES: RESULTS AND OPPORTUNITIES Sectoral Results and Opportunities: An Introduction / 135 FRANCIS FOX A Matter of National Interest / 137 LAURENT BEAUDOIN ANew Mindset / 139 L. JACQUES MtNARD ASea Change / 142 CHARLES SIROIS A New Frontier of Trade Policy / 144 LYNTON R. WILSON The Case of the Softwood Lumbet Industry / 147 BOB RAE AReality Check / 151 JIM STANFORD PART FIVE FREE TRADE AND SOCIAL POLICY Globalization and the Social Dimension / 159 GERALD LAROSE Economic Arguments versus Ideological Ones /-166 GUY STANLEY PART SIX FREE TRADE AND DISPUTE SETTLEMENT FTA and NAFTA Dispute Settlement in Canadian Trade Policy / 1,71.- JONATHAN T. FRIED Dispute Settlement: A Practitioner's Perspective / 175 SIMON V. POTTER Mexico and Dispute Settlement / 182 M.H. YVONNE STINSON PART SEVEN THE NAFTA: FROM CANADA TO MEXICO From Canada to Mexico: "A Common Future" / 191 GEORGE BUSH The Most Comprehensive Agreement Ever / 197 CARLA A. HILLS NAFTA and the Mexican Economy / 200 JAIME SERRA PUCHE Free Trade: Then and Now / 207 MICHAEL H. WILSON PART EIGHT NAFTA AND THE ENVIRONMENT Five Windows for the Future of NAFTA 'S Environment Commission / 213 PIERRE MARC JOHNSON NAFTA and the Environment: Five Years After / 222 VICTOR LICHTINGER NAFTA and the Environment: A Review of the Basic Issues / 226 DAVID K. SCIIORR Challenges for the Environment and NAFTA / 237 JEAN CHAREST PART NINE WHERE DO WE GO FROM HERE? New Policies for a New Century / 243 THOMAS D'AQUINO The Future Work of the FTA, NAFTA and the WTO / 247 PETER S. WATSON The New Economic Environment / 253 BRIAN MULRONEY APPENDICES Appendix A Two Cheers for the FTA: Ten-Year Review of the Canada-U.S. Free Trade Agreement / 259 JOHN McCALLUM Appendix B Ten-Year Figures for Canada-U.S.A. and Canada-Mexico Trade / 275 DEPARTMENT OF FOREIGN AFFAIRS AND INTERNATIONAL TRADE/STATISTICS CANADA. Free Trade provides a historical framework for ongoing discussion of economic and environmental issues. While there is empirical evidence on trade flows - they increased dramatically in both directions - the debate on related issues continues. The impact of free trade on jobs and manufacturing productivity, the effectiveness of dispute settlement, the growth of foreign direct investment, the absence of adjustment programs, and the consequences for social programs are all issues for spirited discussion. Many of the leading actors in shaping both the FTA and NAFTA participated in the conference, including former Prime Minister Brian Mulroney, former President George Bush, former U.S. Treasury Secretary and Secretary of State James Baker, former Canadian Trade Ministers John Crosbie and Michael Wilson, former U.S. Trade Ambassadors Clayton Yeutter and Carla Hills, as well as former Mexican Trade Minister Jaime Serra Puche. Other senior officials included Canada's Derek Burney and Simon Reisman. Donald S. Macdonald, chairman of the landmark Royal Commission that recommended the "leap of faith" of free trade, gave the keynote address. A Royal Bank of Canada impact study, "Two Cheers for the FTA," provided a baseline for discussion by a panel of eminent economists from all three NAFTA countries, and strong defences of positions against free trade included presentations by Andrew Jackson of the Canadian Labour Congress (CLC), Jim Stanford of the Canadian Auto Workers (CAW), and Gerald Larose of Quebec's Conseil des syndicats nationaux (CSN). Participants from the provinces included former Ontario Premier Bob Rae, while NAFTA and the environment were considered by a panel led by former Quebec Premier Pierre Marc Johnson and joined by Quebec Liberal Leader Jean Charest. Other participants included Jean Anderson, Laurent Beaudoin, Fernando Clavijo, Thomas d'Aquino, William Dymond, Francis Fox, Jonathan Fried, Michael Hart, Stanley Hartt, Richard Lipsey, Victor Lichtinger, John McCallum, Peter McPherson, Jacques Ménard, William Merkin, Simon Potter, Charles E. Roh, David Schorr, Charles Sirois, Guy Stanley, Yvonne Stinson, Peter Watson, William Watson, L.R. Wilson, and Paul Wonnacott. Free Trade: Risks and Rewards is an important reminder of why the issue was so passionately debated at the time and why it remains important.-- Publisher description Ten years after implementation of the Free Trade Agreement, the McGill Institute for the Study of Canada organized a major conference to renew the discussion of free trade and consider its economic impact. Many of the leading actors in shaping both the FTA and NAFTA participated in the conference, including former Prime Minister Brian Mulroney, former President George Bush, former U.S. Treasury Secretary and Secretary of State James Baker, former Canadian Trade Ministers John Crosbie and Michael Wilson, former U.S. Trade Ambassadors Clayton Yeutter and Carla Hills, as well as former Mexican Trade Minister Jaime Serra Puche. Other senior officials included Canada's Derek Burney and Simon Reisman. Donald S. Macdonald, chairman of the landmark Royal Commission that recommended the "leap of faith" of free trade, gave the keynote address.Free Trade provides a historical framework for ongoing discussion of economic and environmental issues. While there is empirical evidence on trade flows -- they increased dramatically in both directions -- the debate on related issues continues. The impact of free trade on jobs and manufacturing productivity, the effectiveness of dispute settlement, the growth of foreign direct investment, the absence of adjustment programs, and the consequences for social programs are all issues for spirited discussion. Presents a historical framework for the discussion of economic and environmental issues. This work discusses issues including the impact of free trade on jobs and manufacturing productivity, the effectiveness of dispute settlement, the growth of foreign direct investment, the absence of adjustment programs and the consequences for social programs.