Who Did NAFTA Benefit the Most?

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

Canada, Mexico and the United States were all involved in NAFTA, the North American Free Trade Agreement. This agreement had really helped improve Canada’s economy and raised the standards of living in Canada. NAFTA had also proved itself to be a solid foundation to building Canada’s prosperity which is good for Canada’s independence as well (North, 1). After the free trade agreement, there were many positive effects in the Canadian economy. John F. Kerry, an American politician had once said, “NAFTA recognizes the reality of today's economy - globalization and technology.”(John, 1) This agreement states that Canada is helping in globalizing the economy of not only America but Canada and Mexico as well. In this case, the agreement is improving and benefiting the Canadian economy very well which is great for Canada's independence. It shows that Canada can make its own decisions with other countries to benefit their own country in many ways economic wise as well as independence wise. This also shows that although Canada and America are important trading partners, it doesn't necessarily mean that one country is a step behind the other. It means that if they work together, they can benefit each other and help improve one another's growth 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

The first reason why NAFTA has been beneficial to Canada is that it has allowed Canada to create more jobs and has also been a leading reason the unemployment rate is low in Canada. The creation and maintenance of jobs are advantageous to a country as it is a sign that more goods are being produced and traded. Jobs also keep Canadians prosperous and gives them the ability to support themselves. The introduction of free trade has opened up new job opportunities due to the security and accessibility to the American and Mexican markets. The newfound access to these markets allows for more goods to be traded and produced which means that more jobs are generated. Canadian businesses are now willing to expand their establishment also due to the

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.

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.

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 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.

corporations to dominate Mexican Businesses.” (Personal Communications) On the flip side, both the United States and Canada were worried about manufacturing jobs migrating south to Mexico, where wages were on average one-seventh what the United States’ wages were. Despite these doubts, NAFTA negotiation continued until it was put into effect by President Bill Clinton. Now, NAFTA is the world’s largest free trade area with around 450 million people included. It also has a total gross domestic product of around 20 trillion dollars, which is larger than the economic output of all 28 countries in the European Union (Amadeo, 2017). NAFTA also had several goals when was signed. Each of these goals was outlined on the first page of the agreement. In brief, these goals were to eliminate barriers, promote fair conditions of free trade, increase investment, enforce intellectual property rights, successfully implement the agreement, and lay the groundwork for even more trade between members (NAFTA – Chapter 1 n.d.).

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,

The North American Free Trade Agreement, otherwise known as NAFTA, has been a topic of hot debate since before its ratification in 1994. From economists to diplomats and from politicians to blue-collar workers, most everyone had opinions and speculations on how NAFTA would affect the nations – be they positive or negative assumptions. Now 23 years later, the effects of this treaty binding the United States, Canada & Mexico are being fully felt and can be examined in depth. One area of major concern for the United States during the negotiations for NAFTA – immigration from Mexico – has continued to garner attention nationwide throughout the years the treaty has been in effect. How did the ratification of this tripartite agreement for free

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