Assessing the potential for Gulf Coast NAFTA maritime trade corridors.
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2015-12-01
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Abstract:The North American Free Trade Agreement (NAFTA) was enacted in 1994 with the expressed intent of ; reducing barriers to trade. Since that time, however, transborder congestion and delays between the United ; States (US) and Mexico threaten achievement of this goal. As a partial mitigation strategy, maritime ; shipping offers a modal alternative for NAFTA trade with the potential for not only strengthening the ; resiliency of the North American transportation system, but also alleviating congestion for traditional ; overland modes. To that end, Gulf Coast economies are preparing for increased shipping activity in both ; vessel size and commodity volumes upon completion of the Panama Canal expansion by 2016. This study ; assesses the potential for maritime shipping corridors in the Gulf of Mexico between the US, Mexico, and ; Cuba. We document current trade patterns and infrastructure, analyze potential opportunities for trade ; expansion, and analyze the policy barriers that need to be addressed to strengthen these maritime trade ; corridors. The prospect of reduced transborder congestion, increased system resilience, and expanded ; economic cooperation with Cuba has opened a policy window for more deliberate coordination between ; national and state governments to make the necessary infrastructure investments and policy changes to ; bolster maritime shipping capacity.
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Main Document Checksum:urn:sha-512:9250ec1c95ddab67df7bfb246ef8af7fb5e38ebe7ee0e2d93d600673be9c0c6743ff5685564cd372b41cf89adf73ee3c42871ae4c09fb004f3efda794e5dfc2b