NAFTA increased New Jersey's exports by 425.8% according to Arturo Osorio-Fernandez in NJBIZ

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Monday, December 5, 2016
Newark, NJ


Going Global: Trade deal debate runs deep — Hispanic business leaders understand the push to rework trade deals with Latin American countries.They're just not sure it makes sense to do so.

In total, there was $12.2 billion in goods and products that was exported out of New Jersey to countries that are a part of the Trans-Pacific Partnership last year, according to Rutgers Business School professor Arturo Osorio-Fernandez.

And the North American Free Trade Agreement before the new pact has increased New Jersey’s exports by 425.8 percent since its implementation, he added.

"To give a point of reference, the rest of the world during that time increased exports 220 percent," Osorio-Fernandez said. "So New Jersey grew 1.93 times more in exports than the rest of the world."

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TAGS: Arturo Osorio Fernandez International Business Management and Global Business