The bumpy road to NAFTA 2.0

April 6, 2018


Part of Vanguard's Global Macro Matters research series

Understanding the current—and potentially future—state of the global economy helps investors put market movements into context. To promote that understanding, researchers from Vanguard Investment Strategy Group examine the economic trends that affect the investing environment in this new series. Below are their latest insights into Global Macro Matters.

A rough (but passable) road to a revised NAFTA

The North American Free Trade Agreement (NAFTA) has supported competitiveness among the United States, Canada, and Mexico by enabling economic integration in key industries, though the trading partners have realized the gains in different sectors..

Vanguard's latest research discusses how current NAFTA renegotiations present an opportunity to broaden industry coverage and update labor and environmental standards based on the modern economic landscape. In The bumpy road to NAFTA 2.0, we show how, despite delays in the talks, an eventual deal by early 2019 is much more likely than NAFTA's termination and will promote continued integration in the region and competitiveness in global markets.



  • All investing is subject to risk, including possible loss of principal.
  • Diversification does not ensure a profit or protect against a loss.

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