The Problems with NAFTA Not Helping Economies Essay

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 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 (NAFTA) is a trade agreement between Canada, the United States and Mexico. This treaty came into effect on January 1, 1994 and it granted free trade throughout North America. Canada, USA and Mexico became the largest free market in the world. Free trade between Canada and America existed since 1989 with the CFTA (Canadian Free Trade Agreement). The reason NAFTA was created was to remove tariff barriers on agricultural, manufacturing, and services, to remove investment restrictions and to protect intellectual property rights.

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.

Studies have found that about 75 percent of job creation in Canada was due to the FTA (Tilson). Furthermore, one in four jobs in Canada have been tied to international trade (Quinlan, 326). As a result, today, about 5.2 million Canadian jobs depend on trade with the United States (Tilson). Moving on, imports and exports have increased drastically since the FTA took effect in 1989. According to the United States Census Bureau, Canadian imports had increased by 9.6 percent within the first year and an astonishing 23.3 percent in a matter of four years from 1988. Exports had also increased 7.7 percent within the first year and 19.1 percent within four years (United States). One major impact as a result of the Free Trade Debate was also the successor to the FTA which was the North American Free Trade Agreement. NAFTA was basically an upgraded version of the FTA which incorporated Mexico into the North American trading bloc. Established on 1 January 1994, NAFTA created a trading market of about 370 million people (Wilkinson). Although this was only 8 percent of the world’s population, it controlled about 31 percent of the world’s wealth (Quinlan, 323).

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

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.

Since its creation in 1994, the North American Free Trade Agreement (NAFTA) is a major issue of debate in the United States. The most important issue with NAFTA is how the agreement affects the U.S. economy. NAFTA has had a broad impact on the U.S. economy through creative destruction, globalization, job restructuring, and isolationism. All of these components have had both positive and negative influences on the U.S. economy. Creative destruction creates new jobs to replace the ones that were originally ended by NAFTA, globalization expands ideas, products, and business, but also causes the U.S. to lose money, job reconstruction recreates jobs to fit the functions of NAFTA and sometimes causes workers to lose their original jobs, and isolation

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.

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,

Clearly NAFTA has led to widespread job loss, with more than 200,000 U.S. workers certified as NAFTA casualties under just one narrow government program. Since the 1970's, there has been a steady trickle of