The North American Free Trade Agreement

1711 Words Dec 8th, 2015 7 Pages
This paper will discuss four components of the North American Free Trade Agreement: Background, events, pros and cons. Upon the research, you will discover four online articles to provide more detail and examples. This research will indicate how it was developed and the reasoning on why it would benefit the nation. Also, it will provide events that occur after the agreement was signed by congress and the recession the countries experience during the early 2000s. There will be a chart located on Appendix A that will indicate the unemployment rates during 2008 to 2015. This paper gives readers the proper knowledge of the history throughout the North American Free Trade. It acknowledges the improvements that should be made in the future for a structure approach.

For decades, there has been many trade barriers to import and export goods from one country to another. The North American Free Trade Agreement (NAFTA) was established to diminish tariff barriers and to remove investment restrictions. NAFTA has broadened the agreement of countries being able to import and export goods and to provide better servicing. Over the period of time, the use of tariffs and any trade barriers have been reduced as the economy has become more integrated. This integration has generated less power for the government to control trade due to the benefit of economic growth. The goal of economic integration is to increase the volume of trade between countries and reduce the…
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