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.

The effects of NAFTA on Mexico, U.S, and their economic situation have impacts on political interests. There was main objective of Mexico in pursuing free trade area with the United States or with other countries to stabilize the Mexican economy in sustainable way and promote economic development by attracting huge foreign direct investment means of increasing exports, in house manufacturing and creating jobs. NAFTA would improve investor confidence in Mexico has directly impact to increase export diversification, create job market increase wage rates, reduce poverty, improve standard of living, quality and economic growth

The NAFTA was a trade agreement between the United States, Mexico, and Canada. It was signed into office in 1993. Granting free trade and no tariff tax on products being imported into the United States. NAFTA was heavily criticized by Ross Perot, who argued that Americans would hear a “giant sucking sound”

Three years after the North American Free Trade Agreement (NAFTA) created the largest free trade area in the world, the debate rages on.

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

Talks about a free trade agreement between North American countries were already being discussed prior the North American Free Trade Agreement. Beginning in 1985, President Reagan and the Canadian Prime Minister, Mulroney, exchanged letters of resolution to negotiate a Free Trade Agreement. This FTA would then be drafted, ratified, and eventually enacted in January 1989 between the two countries. At the same time, trade was at an all-time high between Canada and Mexico. So much so that a

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.

After a lengthy negotiation of over 3 years, Canada, the United States, and Mexico reached an agreement on trilateral trade ― the North American Free Trade Agreement. Commonly referred to as NAFTA, it came into effect on the first day of 1994. Covering 450 million of population and reaching $17 trillion in combined GDP, NAFTA proudly ranks the first among the world’s free trade agreements (USTR). It is usually seen as a remarkable success for the countless benefits it brings to its members. Some of NAFTA’s main advantages are promoting closer relationships, eliminating trade barriers, and increasing market opportunities. However, as the first proposer of NAFTA, the United States has indeed benefited the most from it in several different

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).

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 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,

Benefits such as new U.S. jobs, higher wages in Mexico, a growing U.S. trade surplus

     There are various trade agreements the United States have with many other countries and I will do a brief overview of a few of them. The most noticeable one is the North American Free Trade Agreement, which include the United States, Mexico, and Canada. This agreement was constructed and approved in January of 1992 and formed the largest free trade area. NAFTA eliminated and reduce tariffs and non-tariff barriers in addition to comprehensive provisions in the way trade was conducted between these countries.

Free traders promoted NAFTA with the belief that the transfer of low skilled jobs from the North of the continent to the South would bring about a diverse selection of cheap consumer goods. NAFTA would allow the free flow of goods, investment and services within North American to flourish.4 Despite the heated opposition to the liberalization of trade the Canadian government agreed to the trilateral agreement in 1994. Tariff

It has been ten years since the signature of the NAFTA agreement among Canada, U.S., and Mexico. For Mexico, this was a decisive step away from a protectionism model toward a