Reception
In reference to this summit that established the SPP, this task force's final report stated, "We welcome this important development and offer this report to add urgency and specific recommendations to strengthen their efforts." These specific recommendations include developing a North American customs union, common market, investment fund, energy strategy, set of regulatory standards, security perimeter, border pass, and advisory council, among other common goals.
Robert Pastor, one of this task force's vice-chairmen, has advocated such a monetary union and has suggested that North America's common currency might be called the "amero", which would be similar in concept to the EU's euro.
On October 30, 2006, while speaking at the Canadian Defence and Foreign Affairs Institute (CDFAI) 2006 Annual Conference in Ottawa, former American Ambassador to Canada (2001–2005) and former Republican Governor of Massachusetts Paul Cellucci indicated that, after further economic integration, a union would exist in everything but name:
| “ | Now I don’t believe that we will ever have a, in name anyways, a common union like the Europeans have, I don’t believe we’ll have a common currency here in North America, but I believe that, incrementally, we will continue to integrate our economies because I believe it is in each of our national interests to do so. And along the way, I think we’ll do a couple of things and I think that, well more than a couple of things, but.. I think we’ll.. 10 years from now, or maybe 15 years from now we’re gonna look back and we’re gonna have a union in everything but name… | ” |
Read more about this topic: Independent Task Force On North America
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