Customs Union

Is a Customs Union possible for the Americas led by the U.S.?

The American Divide

America Project

How would a Customs Union of the Americas – CUTA – work? The Undersecretary of the Treasury for International Finance would have oversight over transactions that settle within the customs union.

No barriers to trade increase productivity and improve quality of life for all constituents.
A system of trade credits for lower income nations. The IMF’s Special Drawing Rights or U.S. dollars could finance trade credits. Contributions would be based on GDP, and credits would be used to purchase imports from union members.
Imagine a SNAP‑like program for trade. Clearing could be handled by the Federal Reserve Bank of New York, creating a fee‑for‑service revenue stream for the Fed and U.S. Treasury.

The U.S. and Bi‑lateral Trade Agreements

Impact on existing U.S. bi‑lateral trade agreements.
Advantages of the Federal Reserve serving as clearing authority.
Exporting financial services benefits all CUTA members.

The Canadian Difference

What happens to the Bank of Canada?
How will the Canadian Pension Plan be financed?
What happens with the Canadian Military?
How would Canada’s national health system be financed?

If the U.S. and Canada merge, it will be one of the largest economic trade areas in the world. This page is a discussion forum for commentary on North American politics.