NAFTA and the environment.

INTRODUCTION

Mexico and the United States share both a long border and a long history of economic integration. Mexico is currently the United States' second largest trading partner after Canada, accounting approximately for ten to eleven percent of United States' exports and imports. The United States, on the other hand, is Mexico's dominant trading partner, accounting for more than two-thirds of both imports and exports and far outdistancing Mexico's trade with Europe, Japan, the rest of Latin America, and Canada. The United States is also the major source of foreign investment flows in the Mexican economy, accounting for more than seventy percent of the total. Labor market integration is also very high. Mexican migrant labor has had a large impact on the United States economy by increasing the labor supply--an effect probably greater than that arising from increased United States-Mexican commodity trade, foreign investment or financial transactions. At least ten percent of the growth of the United States labor s...

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