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NAFTA AND EUROPEAN UNION

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NAFTA AND EUROPEAN UNION
NAFTA AND EUROPEAN UNION
The NAFTA and the European Union comprising 27 countries constitute the largest trading blocs in the world. In 2008, the value of exports of goods and services from the European Union to the NAFTA region amounted to 450.2 billion Euros while the value of imports of goods and services to the European Union from the NAFTA bloc amounted to 362.1 billion Euros.

For Canada the European Union is the second most important trade partner. In 2008, the exports of goods and services from the European Union to Canada were about 37.4 billion Euros. EU imports from Canada amounted to about 33.3 billion Euros during the same year. Trade between Canada and the European Union is dominated by high-value goods such as machinery, transport equipment and chemicals. Recently, Canada has expressed an interest in negotiating a free trade agreement with the European Union.

The United States and the EU together account for about half the world economy. Furthermore, the US-EU relationship drives the world economy as either the EU or the US is also the largest trade and investment partner for almost all other countries in the world economy.

The European Union is Mexico’s second largest market after the United States. The EU and Mexico have established a free trade agreement (FTA) which came into force in October 2000. The EU-Mexico FTA is one of the most comprehensive in the world economy. It covers trade in goods as well as services

DIFERENCIAS NAFTA Y EU: http://books.google.fr/books?id=ZpxQRKn0ARUC&pg=PA153&lpg=PA153&dq=european+union+and+nafta+relation&source=bl&ots=bEUXQMgml9&sig=6dzmnHuDO3Ya0fD6AqIUaVkMhSw&hl=es&sa=X&ei=TkVJU8PYHuPH7AbW7oDgCg&sqi=2&ved=0CGEQ6AEwBA#v=onepage&q=european%20union%20and%20nafta%20relation&f=false http://olgaandrei.wordpress.com/2011/04/05/north-american-free-trade-agreement-and-the-european-union-compared/

STATISTICAL ANALYSIS

The North American Free Trade Area, is together with the European Union, one of the largest

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