Since the 1980s, integration schemes have developed with greater force, perhaps encouraged by the formation of the North American Free Trade Agreement (NAFTA), which in 1994 added Mexico as its third member, along with the United States and Canada. ... During the transition period, as a result of the chronological differences in actual implementation of trade liberalization by the member states, the rights and obligations of each party will initially be equivalent but not necessarily equal. In addition to the reciprocity doctrine, the Asuncion Treaty also contains provisions regarding the most...

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• Approx Pages: 5
• Grade Level: Graduate