The Impact of NAFTA
From the paper:
“On January 1, 1994, the North American Free Trade Agreement (NAFTA) was implement between Canada, Mexico, and the United States. This treaty drops most tariffs by 50% immediately, and dropped to zero by 2009. It is a unique trading agreement between two developed countries and a developing nation on a single continent. After eight years since NAFTA commenced, there are mixed analysis and opinions on whether this treaty is a success. It was designed to provide a free-flow of goods between countries without imputative measures and tariffs being enforced; it was promoted as a means to improve productivity and create jobs in the three countries; and, it was touted as model for further free-trade blocs to be created in the Americas and in other regional markets.
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After eights, no other free-trade blocs exists, nor has any other free-trade treaties been pursued and/or implemented by the NAFTA partners; and, with a world in a recession, there are two points of views on whether NAFTA has been more damaging than good during at this time, or if NAFTA has prevented further harm through its free-flow of goods.”