Trading Up : The Prospect of Greater Regulatory Convergence in North America

This paper explores the role of earlier trade liberalisation and market responses in shaping the emerging trade agenda in North America.

The paper draws on experience in Europe in forging a more integrated market to point to the benefits that would accrue to Canadians, Americans, and Mexicans from taking deliberate steps to reduce the impact of border administration, to promote greater regulatory convergence, and to forge the necessary institutional infrastructure to govern deepening cross-border integration.