NAFTA
The North American Free Trade Agreement (NAFTA) was enacted in November of 1993 with the objective to facilitate the free flow of goods, services and labor between the United States, Canada and Mexico. NAFTA was not only used to eliminate tariffs between the relevant countries but it also addressed issues such as transportation, border restrictions, as well as environmental issues between the participating countries Although NAFTA required some tariffs to be dropped immediately others are subject to a fifteen year grace period. NAFTA addresses many other issues than tariffs as well as acts to open protected sectors in agriculture, energy, automotive trade, and textiles. NAFTA also establishes an international agreement on intellectual property rights.
Political Issues
There are several political issues that arouse from the passing of NAFTA. One issue that constantly gains the media's attention is its effects on jobs. For example, labor in Mexico is significantly cheaper...
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