n Latin American Report - Latin lessons for South Africa : growing pains : UCLAS report
|Article Title||Latin lessons for South Africa : growing pains : UCLAS report|
|© Publisher:||UNISA Press|
|Journal||Latin American Report|
|Publication Date||Jan 2003|
|Pages||57 - 58|
As the Southern African Customs Union (SACU) begins trade talks with the United States of America (US), it can learn valuable lessons from the outcomes of US trade deals with Mexico and Chile. The far-reaching North American Free Trade Agreement (NAFTA), signed in 1993, established a free trade area from Canada in the north to Mexico in the south. Chile recently concluded a bilateral agreement with the US, which essentially brings it into NAFTA, since it already has accords with Canada and Mexico. While differences between SACU and these countries are obvious, they are all resource-rich, have similar development levels and face the same global challenges. Mexico and Chile have developed into export-oriented economies, crucial for international integration and sustainable growth.
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