NAFTA Surface Trade Increases vs. June

Surface trade  for the North America Free Trade Agreement (NAFTA) has increased by 1.7% in July versus June 2009 however when compared to the same period in 2008, trade was 28% lower:

NAFTA_logoSurface transportation trade among the United States, Canada and Mexico plunged 28% in July from a year earlier, though rose from June, the Department of Transportation said Wednesday.

The downturn was the seventh straight year-over-year monthly decline of at least 27% among the North American Free Trade Agreement partners.

Trade rose 1.6% in July from June, DOT’s Bureau of Trade Statistics said in its monthly report.

Unfortunately, it looks like that seven-month streak will be getting longer when compared to last year. It will be a while before the US, Canada, and Mexico recover to the levels of 2008. But the increase month-to-month is a start on improving NAFTA trade levels.

Read more NAFTA surface trade stats from the Department of Transportation at TransportTopics Online.

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lauren posted at 2009-9-30 Category: NAFTA, trade agreements

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