The positive consequences in concluding a free trade agreement with Mexico far exceed the negatives. There will be better access to a growing Mexican export market. a more reliable source of petroleum. increased American ownership of Mexican subsidiaries and other assets. and expanded access to parts and labor. Tangible political benefits include a potential reduction of Mexican immigration to the United States because of augmented economic activity as well as enhanced political stability in Mexico. Finally. with the evolution of trade blocs In Asia and Europe. the FTA assists the United States and the Western Hemisphere in effectively competing in an ineradicably altered commercial environment. Should the fasttrack authority be defeated in Congress.
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