NAFTA Case Study

The North American Free Trade Agreement (NAFTA) is an international agreement between Canada, America and Mexico. This agreement took effect in January 1994 and was signed by President Bill Clinton. This agreement brought great changes in trade volumes and open new opportunities for millions of labours. Later, in January 2008 according to the schedule all duties and restrictions were eliminated. About 45,000 tariffs were eliminated in 1994 and only 3000 were left until 1999.

NAFTA eliminates tariffs completely over several years and removes many nontariff barriers like quotas. Many tariffs ended the day NAFTA took effect: They affected half of all U.S. exports to Mexico, such as

NAFTA was established in 1992 and came into effect January 1st 1994. NAFTA was created to eliminate or reduce any tariffs between the three countries. It was formed to uphold greater trade between three countries "the increase in agricultural trade was doubled after the eight- to 12-year 'phase-in' period” (Grant, newswise). It promoted conditions of fair competitions, it also increased investment opportunities. NAFTA shows how free trade increases wealth and competitiveness,delivering real benefits to families, farmers, workers, manufacture and consumers. The impact of NAFTA on trade relations between Canada and the U.S. is more difficult to measure because the two countries had a free trade deal even before. NAFTA has helped boost agriculture flows between the two

In 1994, the North American Free Trade Agreement (NAFTA) was enacted between two industrial countries and a yet still developing nation. This was an agreement that was the first of its kind due to the relationship that the countries had and the investment opportunities that it presented. The United States, Canada, and developing Mexico decided to work towards eliminating most tariffs and non-tariff barriers between the three in order to increase the flow of trade in goods and services. Since its enactment NAFTA has led to the providing of over 40 million more jobs throughout the countries, and it has also tripled merchandise trade between the three participants to an astounding $946 billion USD in 2008 (NAFTA Now). However even then it is still not very clear whether enacting NAFTA was worth the time and effort and in fact the United States may have been better off not having joined NAFTA.

NAFTA took effect on January 1, 1994 with the culmination of all quota and tariff repeals on January 1, 2008. This agreement was designed to expand trade between Canada, Mexico, and the United States by reducing restrictions imposed by tariffs and encouraging foreign direct investment in the developing economies.

The North American Free Trade Agreement between Canada, the United States, and Mexico continues to be greatly beneficial to Canada and its citizens after twenty-two years since the agreement came into effect in 1994. NAFTA has remained as one of Canada’s greatest assets, increasing trading traffic of goods and services. The free trade agreement benefits Canada because it creates more employment, provides Canadians with more selection in goods, and increases economic growth. The North American Free Trade Agreement brings Canada great leverage and will, in all likelihood, continue to benefit us in the future.

The features of the NAFTA include the abolition of tariffs on 99% of traded goods between the United States, Canada, and Mexico, removal of barriers on cross-boarder service flow, protection of intellectual property rights, removal of restrictions on foreign direct investment, application of national environmental standards, and two commissions with the responsibility to impose fines and remove trade privileges (Hill, 2011). The two commissions focused on environmental and labor issues among trading partners. The agreements support “cooperative efforts to reconcile policies, and procedures for dispute resolution between the member states (NAFTA, 2011).

When countries have needs but not the capacity to satisfy those demands they enter into trading through the exchange of surplus, produce to help their trading partners. Canada, Mexico, and the United States created a treaty to establish a relationship that can benefit everyone in this process known as NAFTA. This agreement has been criticized and has been blamed for hurting the US economy more than helping. Although speculations may be misguided, I do not know much about this agreement, and I must research multiple sources. This paper seeks to understand if NAFTA has produced significant benefits for Canada, Mexico, and the United States economies.

The North American Free Trade Agreement, also known as NAFTA is a trade agreement between Mexico, Canada and the United States that went into effect in 1994 under President Clinton. NAFTA was created to help eliminate most tariffs on imports and exports between the three nations involved. Because of NAFTA these three countries are prospering more than ever. Overall, NAFTA has been a great success in achieving its purpose to increase trade and help boost the international economy. NAFTA, trying to help boost the economy, focuses mainly on increasing the international commerce in North America, and in that respect it undoubtedly succeeded.

NAFTA, North American Free Trade Agreement, is a treaty between the United States, Mexico, and Canada. It is very important especially to American farmers, because it allows the farmers to ship major amounts of corn, cotton, rice, and soybeans to Canada and Mexico. CEO Dwight Roberts said, “There is nothing better going on for the commodities we grow than NAFTA. We are very fortunate that we are next door to Mexico, a country of 120 million people who buy so much of our commodities. For rice, Mexico is the number one market in the world.”

The North American Free Trade Agreement (NAFTA) is a trilateral agreement between Canada, United State, and Mexico signed on December 17,1992. This agreement came into force on January 1,1994 superseding the Canada-United State free trade Agreement signed on January 2, 1988. NAFTA was the most comprehensive free trade agreement (FTA) at the time and was served as a template for other FTA around the world. This agreement was controversial due to the participation of two wealthy developed countries and one developing country. Proponents to this agreement argued that NAFTA would create thousands of jobs and reduce the income disparity in the region. Opponents believed that companies would move production to Mexico due to the lower cost of

There is no easy solution to solve the problems of undocumented immigration between the United States and Mexico. The United States has no control on what other countries do and how they treat their people. If Mexico isn’t looking out for their people they will continue to migrate. United States has been the country where help is given and Mexico is very poor so they come here looking for the American dream. The North American Free Trade (NAFTA) Agreement’s history began in 1980.It’s purpose is to help with reduce trading costs, increase business investments in Mexico, Canada and United States. In 1984, Congress passed the Trade

On “January 1994, the United States”, Canada and Mexico went into the “North American Free Trade Agreement (NAFTA)”, making the biggest facilitated commerce region and wealthiest market on the planet. The “NAFTA” is the mainly complete provincial exchange ascension ever arranged by the “United States” and is booked to be completely executed. In “1996, U.S.” two-route exchange merchandise under the “NAFTA” with Mexico and Canada remained at “$420 billion a 44 %” expansion because the “NAFTA” was agreed upon.

The North American Free Trade Agreement or as its most commonly known NAFTA “is a comprehensive rules-based agreement between the United States, Canada, and Mexico”, that came into effect on January 1,1994. All three countries signed it in December of 1992; later on November of 1993 it was ratified by the United States congress. NAFTA was not only used in cutting down on tariffs between both countries but it also help deal with issues such as Transportation, Border Issues, and Environmental Issues between these two countries. NAFTA changed some tariffs immediately and within fifteen years other tariffs will fall to zero. NAFTA was not created to just lower tariffs it was also created to open protected sectors in agriculture, energy,

barriers were eliminated within ten years of the Act. A national treatment for member countries was adopted to liberalize trade services and investments. Performance requirements were removed, and dispute mechanism for investment conflicts were created. Protectionist issues emerged regarding progress in eliminating anti-dumping policies and persistent administered protection frameworks.5NAFTA did not substantially liberalize trade amongst all three counties in the agreement and fell short of its high expectations but it has certainly been a beneficial liberalizing force overall for Canadians. The North American Free Trade Agreement has been beneficial for Canada due its strengthening of relations with the United States, and increasing economic growth in our nation.