Taking a Look at the FTAA and the NAFTA

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

“It is important to realize that NAFTA is not the opening up of Mexico,” said Jonathan Heath, a Mexico City economist. “The opening up of Mexico had occurred before NAFTA. NAFTA is the consolidation of that opening up and what it really represents is the locking in of trade liberalization for Mexico.”

When NAFTA was created, no one really understood the impact that the measure would have on the world economy. Drilling down, NAFTA impacts put Mexican farmers out of business due to the “government-subsidized U.S. Farm products.” (Source: https://www.thebalance.com/disadvantages-of-nafta-3306273) As described in the New York Times, exports from the US to Mexico of “corn and other staples” that were subsidized on average of $20,000 per year by the US Government, resulted in “small farmers finding themselves unable to make a living. Some two million have been forced to leave their farms since Nafta.” (Sources: http://www.nytimes.com/roomfordebate/2013/11/24/what-weve-learned-from-nafta/under-nafta-mexico-suffered-and-the-united-states-felt-its-pain

Since the beginning of civilization, trade has been an important issue. Christopher Columbus sailed to the Americas in search of a faster and safer trade route to India. We as Americans fought for our independence over trade related issues, such as tariffs and rules on with whom we were allowed to export and import goods. Our people have always fought for the rights and ability to buy and sell what they want at a reasonable price. The North American Free Trade Agreement, or NAFTA, is yet another attempt at this. NAFTA was signed on December 17, 1992 and put into effect on January 1, 1994 (SICE). It is a trade agreement between Canada, the United States, and Mexico. This paper will explain all the finer points of the agreement, its

The North American Free Trade Agreement, commonly known as the NAFTA, is a trade agreement between the United States, Canada and Mexico launched to enable North America to become more competitive in the global marketplace (Amadeo, 2011). The NAFTA is regarded as “one of the most successful trade agreements in history” for its impact on increases in agricultural trade and investment among the three contracting nations (North American Free Trade Agreement, 2011). Supporters and opponents of the NAFTA have argued the effects of the agreement on participating nations since its inception; yet, close examination proves that NAFTA has had a relatively positive impact on the economies of the United States, Canada, and Mexico.

The North American Free Trade Agreement (NAFTA) is a treaty between Canada, Mexico, and the

“By 1988 three-quarters of Canadian trade was already with the United States” (White 1994). By the time negotiations concerning NAFTA commenced in 1990, proponents of the aforementioned Free Trade Agreement (FTA) were witnessing some of the many beneficial effects that compelled them to lobby for such an agreement. The bilateral trade deal between Canada and United States, was the engine starter for much of the shared substantial economic growth that occurred between 1989 until 2002. Throughout this period of growth “Canadian exports to the United States rose by 221%” (Lessons From NAFTA). The sub sequential growth that was initially sparked by the FTA paved the way for NAFTA sympathizers and proponents as means to promote this unprecedented trilateral trade agreement.

A partnership between Mexico, Canada, and the United States, the North American Free Trade Agreement (NAFTA) created the largest free trade area in the world ("North American Free Trade Agreement (NAFTA),” n.d.). Signed in 1992 by George H.W. Bush, the treaty was preceded by the Canada-US Free Trade Agreement signed in 1989 (Tuesday, 2008). The document received bipartisan support in both the House and Senate with Republicans providing the majority of votes in each (Kessler, 2016).

The North American Free Trade Agreement (NAFTA), came into effect on January 1, 1994, creating the largest free trade region in the world, generating economic growth and helping to raise the standard of living for the people of all three countries participating. By strengthening the rules and procedures governing trade and investment, the NAFTA has shown to be a great base for adding to Canada’s prosperity and has set a valuable example of the benefits of trade liberalization for the rest of the world. NAFTA was designed with many economic results in mind. Hopes were that not only trade would be easier, cheaper, and easier for all countries involved, but economic wealth and growth would follow. The support for NAFTA was spilt among the

The North American Free Trade Agreement, also known as NAFTA, is an economic treaty between Mexico, Canada, and the United States that went into effect on 1 January 1994. What this treaty consists of is eliminating trade tariffs on imported and exported goods, between these three states; making this the world’s largest free trade agreement. NAFTA also eliminated trade barriers opening borders between these states.

While on the surface it seems that a free trade area would always be a

However, Sanders statements on the NAFTA and CAFTA are weak and one sided. CAFTA boosts trade, creates jobs in Central America bringing it stability, as well as reducing the $2.3 billion U.S. trade deficit with the region. Sugar producers in the U.S also say that it will it will result in an influx of cheaper sugar. U.S farmers will also benefit from CAFTA, the approximate eleven percent tariff on farm exports will be eliminated. According to the American Farm Bureau agricultural products will climb around 1.6 billion dollars within twenty years of implementation. Lastly, the CAFTA will enforce labor regulations. Labor experts say that low-waged workers in Central America are frequently harassed or ever fired for organizing unions and practicing

The North American Free Trade Agreement (NAFTA) facilitates the free flow of goods and services between Canada, The United States and Mexico. This allows ALPES to move into untapped markets in three countries rather than just its base country of Mexico. This would also increase profits substantially due to an increasing market demand.

In 1994, the leaders of the thirty-four democratic countries of the Western Hemisphere launched the process of creating a Free Trade Area of the Americas (FTAA). The FTAA will be established by 2010 with the aim of gradually eradicating barriers to trade and investment in the region. The final characteristics of the FTAA will be determined through negotiations by government officials from the thirty-four participating countries. The trade issues that are presently under discussion are: market access; investment; services; government procurement; dispute settlement; agriculture; intellectual property; antidumping, subsidies and countervailing duties; and competition policy. Guiding principles for these negotiations

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