On the recordSeptember 18, 1992
Agreement September 18, 1992 Dear Mr. Speaker: (Dear Mr. President:) In accordance with section 1103(a)(1) of the Omnibus Trade and Competitiveness Act of 1988 (``Act''), I am pleased to notify the House of Representatives and the Senate of my intent to enter into a North American Free Trade Agreement (NAFTA) with the Governments of Mexico and Canada. This historic agreement represents a comprehensive charter to liberalize trade and investment flows on this continent. NAFTA will link us to our first- and third-largest trading partners, Canada and Mexico, respectively, to create one of the world's largest and richest markets, with over 360 million consumers and over $6.4 trillion in annual output. It will enhance the ability of North American producers to compete in world markets, spur economic growth on the continent, expand employment, and raise living standards. We are at the dawn of a new era. The threat of global nuclear warfare is gone. The prolonged Cold War struggle against totalitarianism, fought over half a century through immense sacrifices by countless American men and women, has ended in freedom's victory. Just as America prevailed in the Cold War, we must continue to lead the world in the global economy of the next century. Exports are vital to the health of the U.S. economy, accounting for 70 percent of our economic growth since 1988, and supporting the jobs of more than 7.5 million Americans.…
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