Free Trade Agreement: NAFTA

Satisfactory Essays
On 1st January 1994, the United States, Canada and Mexico enacted the North American
Free Trade Agreement abbreviated as NAFTA with an aim of eliminating the tariffs between the three countries. They formed the above regulation to avoid taxation of goods and services, particularly in the “agriculture, textile and automobile” sectors. However, some states argue that the free trade leads to joblessness as well as the loss of value for the domestic products and services. A case in point is the North Carolina States that has enacted trade barriers that conflict with the provisions of the NAFTA. The government of North Carolina argues that NAFTA adversely affects their local production leading to job loss. As a result, the state wants to
Get Access