NAFTA Implementation and Early Economic Adjustments (1994–2000)

1. NAFTA enters into force across North America

   Jan 1, 1994Labels: NAFTA, United States, Mexico

   • USTR
   • Britannica
   • CRS

2. Labor side accord (NAALC) enters into force

   Jan 1, 1994Labels: NAALC, Labor Cooperation, Canada

   • US DOL
   • US DOL

3. Environmental side accord (NAAEC) enters into force

   Jan 1, 1994Labels: NAAEC, Commission for, Environmental Cooperation

   • CEC About
   • CEC Impact

4. Early tariff and rules-of-origin changes begin

   Jan 1, 1994Labels: Rules of, Autos sector, Tariff cuts

   • CRS
   • USInfo

5. Mexico reduces key non-tariff investment restrictions

   Jan 1, 1994Labels: Mexico, Investment liberalization, Automotive sector

   • USInfo

6. Mexico devalues the peso, triggering a financial crisis

   Dec 20, 1994Labels: Peso crisis, Mexico, Capital outflows

   • IMF Speech
   • Yale JFC

7. WTO begins, adding global trade rules context

   Jan 1, 1995Labels: WTO, Global trade, Dispute settlement

   • WTO
   • WTO Intro

8. IMF approves major stand-by credit for Mexico

   Feb 1, 1995Labels: IMF, Stand-by arrangement, Mexico

   • IMF PR
   • IMF Speech

9. Third annual NAFTA tariff reductions take effect

   Jan 1, 1996Labels: Tariff reductions, NAFTA schedule, Businesses

   • USTR NTE
   • CRS

10. U.S. imposes broomcorn broom safeguard tariffs

    Nov 28, 1996Labels: Safeguard tariffs, Broomcorn brooms, United States

    • WTO DS78
    • SICE OAS

11. First Chapter 11 notice of arbitration (Azinian v. Mexico)

    Mar 1, 1997Labels: Chapter 11, Azinian v, Investors

    • IRPP

12. NAFTA Chapter 20 panel issues broomcorn brooms report

    Jan 30, 1998Labels: Chapter 20, Broomcorn brooms, Dispute panel

    • SICE OAS

13. NAFTA implementation stabilizes after early shocks

    Jan 1, 2000Labels: NAFTA stabilization, Mexico recovery, Supply-chain integration

    • CRS
    • Britannica