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North American agreement on security, trade unveiled

[JURIST] President Bush, Canadian Prime Minister Paul Martin, and Mexican President Vicente Fox Wednesday unveiled the Security and Prosperity Partnership of North America [White House press release], a pact which seeks to broaden cooperation on security and economic issues. Included among the goals of the pact's security agenda [White House press release] is the development and implementation of a "comprehensive North American strategy for combating transnational threats to the United States, Canada, and Mexico, including terrorism, organized crime, illegal drugs, migrant and contraband smuggling and trafficking." The partnership's prosperity agenda [White House press release] includes regulatory cooperation in order to generate growth and improve productivity and the lowering of "the transaction costs of trade in goods by liberalizing the requirements for obtaining duty-free treatment under NAFTA." AP has more. CBC News provides Canadian coverage of the summit and El Universal has Mexican coverage (in Spanish).

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