NAFTA – North American Free Trade
Agreement
About:
The North America Free Trade Agreement (NAFTA) was created to help boost and implement
trade between the United States of America, Canada and Mexico. The agreement eliminated
most tariffs on trade between the three countries, went into effect on Jan 1st, 1994. Numerous
tariffs - in particular the ones related to agricultural products, textiles, and automobiles - were
gradually phased out between Jan 1st, 1994, and Jan 1st, 2008.
There are just three countries in Negatives of NAFTA:
NAFTA: Job loss
Canada, Wage suppression
Trade tariffs effecting small
Mexico farming businesses in Mexico
and Canada
U.S.A Environmental degradation by
deforestation
Maquiladora exploitation and
underpayment
Positives of NAFTA:
Trade between Recent News:
member countries
Boris Johnson recently
tripled from 1993 to
attempted to negotiate the
2007
UKs trade situation including
Increased employment
an attempt at Joining NAFTA.
and manufacturing
However, Biden seemed to
Mexico has now
have dismissed this idea.
received a lot of FDI
leading to higher wages
for Mexica workers in
those areas of
employment
Agreement
About:
The North America Free Trade Agreement (NAFTA) was created to help boost and implement
trade between the United States of America, Canada and Mexico. The agreement eliminated
most tariffs on trade between the three countries, went into effect on Jan 1st, 1994. Numerous
tariffs - in particular the ones related to agricultural products, textiles, and automobiles - were
gradually phased out between Jan 1st, 1994, and Jan 1st, 2008.
There are just three countries in Negatives of NAFTA:
NAFTA: Job loss
Canada, Wage suppression
Trade tariffs effecting small
Mexico farming businesses in Mexico
and Canada
U.S.A Environmental degradation by
deforestation
Maquiladora exploitation and
underpayment
Positives of NAFTA:
Trade between Recent News:
member countries
Boris Johnson recently
tripled from 1993 to
attempted to negotiate the
2007
UKs trade situation including
Increased employment
an attempt at Joining NAFTA.
and manufacturing
However, Biden seemed to
Mexico has now
have dismissed this idea.
received a lot of FDI
leading to higher wages
for Mexica workers in
those areas of
employment
