NAFTA Essay

985 Words 4 Pages
N.A.F.T.A.

The North American Free Trade Agreement (NAFTA) took effect January 1, 1994. It is a trade agreement between all three of countries of North America, which are The United States, Canada, and Mexico. The Canadian Prime Minister, Brian Mulroney, the Mexican President, Carlos Salinas de Gortari, and former U.S. President George H. Bush spearheaded the agreement. Relationships between the countries were already on good terms, especially between The United States and Canada. Five years before NAFTA went into effect they signed the Canada-U.S. Free Trade Agreement that eliminated all tariffs. It was only time before a more integrated agreement was put into effect for all of North America. The geographic location and the already
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The aim of the NAAEC was to set environmental regulations to aid in the development and improvement of the environment. The goal of the NAALC was to improve the cooperation of trade unions and other organizations to improve working conditions and living standards.

Positives

Like any other decision, agreement, or compromise there are positives and negatives, NAFTA is not exempt as its issues spark heated debates. The greatest benefit of NAFTA is blatantly obvious; trade and investment have drastically increased since the implementation of the agreement. In fact, The United States is the greatest benefactor, trade between the countries are hitting record highs. Canada and Mexico are the #1 and #2 importers of U.S. goods and services. Also they are #2 and #4 on The United State's largest exporters list. The trade between Canada and The United States is astounding; it's the largest flow of goods and services in the world, over $1 billion a day in goods crosses the border, mostly from agricultural and automobile products. Thousands of American jobs, as well as Mexican and Canadian, were created due to the increase in the amount of goods exported by each country. The increase of exports and the increase of jobs are positively correlated, as one goes up the other will follow and vise versa. Mexico has also felt the

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