Word: naftas
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...rare on either side of the Rio Grande. Not only is Perot's warning about American jobs vanishing south with a "giant sucking sound" not coming true, but thousands of tractor-trailer rigs are rumbling through the border crossings -- carrying beer, heavy machinery, clothing, electronics. Eight months after NAFTA went into effect, trade is up, prices are down for consumers and no massive layoffs have occurred...
Along the trade routes in Texas, small border towns are preparing to shed their sleepy roots, and they are getting in position for the new NAFTA era. Laredo is already a service hub, hosting scores of freight forwarders, customs brokers and other outfits that move cargo from country to country. The tide of commerce that passes through Texas starts much farther north, and so far this year it includes more than 20,000 American-made cars and trucks -- up from fewer than 4,000 last year. From January to June, U.S. exports to Mexico rose 17%, to $24.5 billion...
...NAFTA will not be a real success in Mexico until consumer buying power expands and more businesses can start new ventures in the U.S. Last week's elections should give Mexico's economy a needed boost. The continuity of business-friendly, free-market policies under the P.R.I. will reassure investors who had been hanging back for months. If the money continues to flow, it will boost jobs and prosperity throughout Mexico...
...election was in large measure a referendum on the P.R.I.'s new claims to political trustworthiness and the economic policies put in place by outgoing President Carlos Salinas de Gortari -- most notably the North American Free Trade Agreement (NAFTA), which went into effect Jan. 1. Many experts had been predicting that Zedillo, the unassuming technocrat plucked from obscurity after the party's first choice was assassinated in March, would win with less than half the votes and that the restive electorate would send large numbers of opposition members to Congress. The voters disproved those forecasts and gave the P.R.I. sizable...
...this Gridlock, Part 2? With Democrats controlling both houses of Congress, the Clinton presidency was supposed to bring an end to the legislative bind that canceled the presidency of George Bush. True to expectations, in his first year Clinton marked up a string of successes, including NAFTA, family-leave policy and the Brady Bill. But several of them, notably the one-vote majority for his deficit-reduction plan last year, were the kind of skin-of-his-teeth victories that White House staff members joke about as "Clinton landslides...