Today, NAM Vice President for International Economic Affairs Linda Dempsey moderated a panel discussion on NAFTA and North American Manufacturing.
The panel, which was sponsored by the Washington International Trade Association, brought together business and government experts to look back and forward on NAFTA’s economic and business impact on North American manufacturing and economies of Canada, Mexico and the United States.
During the panel, Dempsey emphasized NAFTA was a “groundbreaking agreement” that helped pave the way for new trade liberalization and “sought to usher in a more a more integrated North American manufacturing sector to spur greater trade and investment flows between the three countries and improve the global competitiveness of manufacturers throughout North America.”
Dempsey also stressed the impact NAFTA has had on trade, noting that “U.S. trade with its NAFTA partners has more than tripled since the agreement took effect. It has increased more rapidly than trade with the rest of the world.”
Dempsey was joined by Ken Smith, the current Head of the Trade and NAFTA Office of the Ministry of the Economy of Mexico, Michael McAdoo, the Vice President for Strategy and International Business Development with Bombardier Aerospace, and Carlos Leitao, the Chief Strategist and Chief Economist for Laurentian Bank Securities.