NAFTA has been described by one expert as being a partial customs union.
It is, in any case, a special kind of free trade area because it
consists of two highly developed economies and one large third world
economy.
In this book, the contributors examine the specific interests of the
three member countries, Canada, Mexico, and the United States in the
creation of NAFTA. They also assess the influence of this trade area on
their economics.
Looking to the future, doubts are expressed about the feasibility of
using NAFTA (a hope expressed by the USA) as a stepping stone in the
creation of a Free Trade Area of the Americas. Instead, the contributors
see the consolidation of MERCOSUR in Latin America and the creation of a
new Trans-Atlantic Market - as proposed by Sir Leon Brittan - as more
likely developments.