The American hemisphere is currently immersed in a process of economic integration in which NAFTA has become a key feature. The initial constituents of NAFTA, México, United States and Canadá, could soon be joined, in a series of succesive additions, by other nations of the continent, converting to reality one of the most ambitious proposals of economic integration put forth by the United States Administration. Yet NAFTA is no more than a second phase in the liberalization of commerce initiated on the continent by Canadá and the US in 1989 with the FTA. This treaty and its effects since its establishment show the advantages of such an opening to the competitive world trade, even in the case of a strongly subsidized economy with major restrictions in the domestic market
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