Impact on the U.S. Economy of Including the United Kingdom in a Free TradeArrangement with the United States, Canada, and Mexico. Investigation No. 332-409

摘要

This report begins with an overview of the current economic relationship amongthe United States, Canada, Mexico, and the United Kingdom (UK), including an enumeration of the existing barriers to trade and investment among those four countries. In 1998, UK imports of goods and services from the North American countries totaled more than $100 billion, and the North American countries imports from the UK were about $65 billion. Services and machinery and equipment accounted for more than half of this total. The United States is the UKs largest single trading partner, accounting for about 12 percent of the UKs total trade and for 90 percent of its trade with North America. Trade between the UK and the North American countries is subject to relatively few trade barriers. The United States and the UK are the two largest global investors and largest recipients of foreign direct investment, and are also each others largest foreign investor.