From 1993 to 2007, trade among the NAFTA nations more than tripled, from $297 billion to $930 billion. Business investment in the United States has risen by 117 percent since 1993, compared to a 45 percent increase between 1979 and 1993.
Canada and Mexico accounted for 37% of the total growth of U.S. agricultural exports since 1993. Moreover, the share of total U.S. agricultural exports destined for Canada or Mexico has grown from 22% in 1993 to 30% in 2007. NAFTA access is most crucial for agriculture, where Mexico has its highest MFN tariffs. Mexico is the top export destination for beef, rice, soybean meal, corn sweeteners, apples and dry edible bean exports.
