¶ … NAFTA Lived up to Its Promises?
The North American Free Trade Agreement (NAFTA) is a trilateral trade agreement creating a free trade area between United States, Mexico, and Canada. The agreement came into force on 1 January 1994, and was hailed as the economic milestone that would help to increase trade between the three countries, and create a higher level of efficiency to provide economic benefits for the parties to the agreement. The agreement had the aim of eliminating trade tariffs between the countries, a significant number of tariffs were eliminated immediately, with tariffs that remained being phased out over the following 10 years. However, more than 20 years after the agreement was put into place, is there any evidence to demonstrate that the reality has lived up to the expectations.
The claims regarding the agreement included statements that it would help to create new and better jobs, help to increase incomes benefiting the poor in a proportional manner, and would lead to accelerated growth (The Economist, 2003). Meanwhile, a number of critics were less optimistic, expressing concerns that the agreement could cost jobs and that benefits would not be proportionately spread (The Economist, 2003).
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S. poultry exports to Canada in 2003 are estimated at about $290 million, a 77-percent gain over the pre-NAFTA level." The dairy products have revealed positive trend, prior to the implementation of the Uruguay Round provisions the Canadian fluid milk sales was insignificant, "the execution of the Uruguay Round provisions one year after NAFTA saw Canada's import control regime switch from a scheme of import quotas to a trade free
" (Economic Policy Institute Brief, 2001) While all U.S. states lost jobs the following specific outcomes are stated by the Economic Policy Institute: The 1 million job opportunities lost nationwide are distributed among all 50 states and the District of Columbia. Those affected most in terms of total jobs displaced include: California (-123,995), Texas (-72,257), Michigan (-63,148), New York (-51,582), Ohio (-49,886), Illinois (-47,701), Pennsylvania (-44,173), Florida (-39,987), Indiana (-35,157), North
NAFTA The United States signed its first free trade agreement (FTA) with Canada in 1988, and soon began pursuing a subsequent deal with NAFTA that would replace and expand that deal. NAFTA came into force in 1994, and by 2008 all of the duties and restrictions that were included in the deal were eliminated. The agreement was intended to increase trade between the three nations, building on the successes of that
Maritime transit is generally considered the lowest cost and lowest pollutant emitting source of all available alternatives. However the sheer number of vessels in transit at any one time is still large enough to warrant concern among the environmentally conscious. One extremely recent development offers new insight of the future of the environmental concerns associated with maritime travel. The International Maritime Organization (IMO), a UN body that regulates world shipping,
NAFTA Historical Beginning of NAFTA (with specific bibliography) NAFTA Objectives What is NAFTA The Promise of NAFTA NAFTA Provisions Structure of NAFTA Years of NAFTA (NAFTA not enough, other plus and minuses).. Environmental Issues Comparative Statements (Debate) NAFTA - Broken Promises NAFTA - Fact Sheet Based Assessment NAFTA & Food Regulation NAFTA - The Road Ahead NAFTA in Numbers Goal Fulfillment Major Milestones Consolidated Bibliography This study set out to examine the inner workings of the North American Free Trade Agreement. The aim of this study is
Economics of NAFTA There have been a number of changes in the global economy of the world over the past decade. It is important to examine the North American Free Trade Agreement (NAFTA) and determine if it has helped and/or hindered the economies of all three countries, if it has accomplished what it was established to do, and if over the past ten years it has resulted in additional trade agreements
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