Weld, The Hon. William F.
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Canada as Massachusett's largest trading partner, with statistics. A system that works to mutual advantage. The importance of NAFTA to both Canada and the United States. Major disagreements: magnesium, Honda Civic, soft wood lumber, and beer. Disputed products represent less than two per cent of bilateral trade. The success of the FTA dispute settlement procedure. Judgements by the GATT panel. Benefits of free trade vs. the minor problems. Advantages of lowering trade barriers. Examples of fast change and the need for manufacturers to better tailor their products to their market. New strategies in production, with examples. Marketing overseas. Reaching out to new markets. The potential benefits of a global economy exceeds perils.