00897nam a2200085Ia 4500100002000000245005300020260000900073520071000082583001900792 aGITTENS, Julius aNAFTA : CARICOM's prospects, fears and concerns. c1993 aIdentifies NAFTA pros and cons for CARICOM as follows: pros - incentive for economic restructuring to develop global competitiveness; access to Mexico's large consumer market for goods and services; access to Mexican investment for the Caribbean; greater opportunities for investment in the Mexican economy; incentive to quicken the process of regional economic integration and regional free trade. Aspects of concern to CARICOM are: competition from more price-competitive Mexican products; threats to CBI benefits; competition for foreign investment; competition from Mexico's cheap labour; threat of economic marginalisation resulting from unequal free trade competition from Mexico and South America. c3/7/00kM2LMGR