NAFTA

Examples of NAFTA in the following topics:

• The North American Free Trade Agreement (NAFTA)

  • NAFTA is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.
  • NAFTA has two supplements: the North American Agreement on Environmental Cooperation (NAAEC) and the North American Agreement on Labor Cooperation (NAALC).
  • The goal of NAFTA was to eliminate barriers to trade and investment among the U.S., Canada, and Mexico.
  • NAFTA also seeks to eliminate non-tariff trade barriers and to protect the intellectual property right of the products.
  • NAFTA has allowed agricultural goods such as eggs, corn, and meats to be tariff-free.

• The North American Free Trade Agreement (NAFTA)

  • The North American Free Trade Agreement (NAFTA) is an agreement between Mexico, the United States and Canada.
  • NAFTA also encourages more immigration from Mexico to the US.
  • Since the implementation of NAFTA, the countries involved have been able to do the following:
  • Income in the maquiladora sector has increased 15.5% since the implementation of NAFTA in 1994.
  • To alleviate concerns that NAFTA would have negative environmental impacts, in 1994 the Commission for Environmental Cooperation (CEC) was given a mandate to conduct ongoing ex-post environmental assessment of NAFTA.

• Trade Blocs and Common Markets

  • The North American Free Trade Agreement (NAFTA) is an example of a formal trade bloc.
  • Trade blocs can be stand-alone agreements between several states, such as the North American Free Trade Agreement (NAFTA) or part of a regional organization, such as the European Union.
  • Since 1997, more than 50% of all world commerce was conducted under the auspices of regional trade blocs, such as NAFTA.
  • NAFTA is an agreement between the US, Mexico and Canada, as represented by the 3 flags in its logo.

• Trading blocs and agreements

  • The North American Free Trade Agreement (NAFTA) further boosts export sales by enabling companies to sell goods at lower prices because of reduced tariffs.
  • NAFTA is such a bloc.
  • No tariffs exist on goods sold between member nations of NAFTA.
  • However, a uniform tariff is assessed on products from countries not affiliated with NAFTA.
  • In addition, NAFTA seeks common standards for labeling requirements, food additives, and package sizes.

• Policy Making and Special Interests

  • The debate over creating free trade areas, like the North American Free Trade Agreement (NAFTA) , placed business groups in competition with labor and environmental groups in garnering the attention of policymakers toward their divergent causes.
  • The NAFTA initialing ceremony, in October 1992.
  • Events, such as the signing of the North American Free Trade Agreement (NAFTA), highlight the differences among special interest groups and the competition that takes place between them to capture the attention of policymakers.

• Political and Regulatory Environment

  • The North American Free Trade Agreement (NAFTA) further boosts export sales by enabling companies to sell goods at lower prices because of reduced tariffs.
  • One of the potentially interesting results of trade agreements like ASEAN or NAFTA is that many products previously restricted by dumping laws, which are laws designed to keep out foreign products, would be allowed for sale.
  • The NAFTA initialing ceremony, in October 1992.
  • Events, such as the signing of the North American Free Trade Agreement (NAFTA), highlight the differences among special interest groups and the competition that takes place between them to capture the attention of policymakers.

• Political Environment

  • The North American Free Trade Agreement (NAFTA) also boosts export sales by enabling companies to sell goods at lower prices due to reduced tariffs.
  • NAFTA is such a bloc.
  • No tariffs exist on goods sold between NAFTA member nations.
  • In addition, NAFTA seeks common standards for labeling requirements, food additives, and package sizes.
  • One of the results of trade agreements like NAFTA is that many products previously restricted by dumping laws - laws designed to keep out foreign products - can be marketed.

• The International Monetary Structure

  • The main components in the international monetary structure are global institutions (such as the International Monetary Fund and Bank for International Settlements), national agencies and government departments (such as central banks and finance ministries), private institutions acting on the global scale (such as banks and hedge funds), and regional institutions (like the Eurozone or NAFTA).
  • For example, the Commonwealth of Independent States (CIS), the Eurozone, Mercosur, and North American Free Trade Agreement (NAFTA) are all examples of regional trade blocs, which are very important to the international monetary structure .
  • NAFTA, a free trade area between Canada, the U.S., and Mexico, is an example of the importance of regional trade blocs to the international monetary structure.
  • NAFTA is also an example of the U.S.' s disproportionate power in determining the direction of the international monetary structure.

• The George H.W. Bush Administration

  • Bush's administration, along with the Conservative Canadian Prime Minister Brian Mulroney, spearheaded the negotiations of the North American Free Trade Agreement (NAFTA)—which would eliminate the majority of tariffs on products traded among the United States, Canada, and Mexico—to encourage trade among the countries.
  • The American economy has grown 54% since the adoption of NAFTA in 1993, with 25 million new jobs created; this has been seen by some as evidence of NAFTA being beneficial to the U.S.
  • Gutierrez, current United States Secretary of Commerce, wrote, "Quitting NAFTA would send economic shock waves throughout the world, and the damage would start here at home."
  • However, John Sweeney of The Boston Globe argued that "the U.S. trade deficit with Canada and Mexico ballooned to 12 times its pre-NAFTA size, reaching $111 billion in 2004."

• A Summary of International Trade Agreements

  • NAFTA is a trilateral agreement between the United States, Canada and Mexico designed to minimize any trade or investment barriers between any of these countries (primarily in the form of tariffs).
  • Finally, Canadians have often objected to the NAFTA agreements due to the way in which the United States FDI employs hostile takeovers.