Word: naftas
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...those barriers average nearly 11% in Mexico, around 5% in Canada and less than 4% in the U.S. (though duties on products like cocoa, for example, go as high as 20% in Mexico; in Canada tequila is slapped with a 183% duty). More important will be the steps that NAFTA takes to diminish nontariff barriers, such as dairy and cotton quotas in the U.S. and Canada, and various import licenses in Mexico. By rapidly widening the consumer market, the pact aims to spur capital investment across all three jurisdictions. This would be a striking change for Mexico, which has long...
...Mahal of the self-service" is also an independent: a place in Las Vegas called Terrible Herbst that features 48 pumps, all run by a staff of two. The stations of the future, some oilmen say, may be somewhat like those run by an outfit in Brussels called Nafta, where a motorist punches his credit card number into a computer, then fills up his tank from an overhead nozzle. The computer then charges the amount of the customer's purchase to his bank account...