The North American Free Trade Agreement Essay

The North American Free Trade Agreement Essay

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Roughly fifteen year ago the United States entered into an agreement with its neighboring countries Canada and Mexico. With the incarnation of this intercontinental free trade agreement; the United States acting as the conduit would not only increase trade productivity for itself but, allot its sister nations to the north and south the same advantages. The North American Free Trade Agreement (NAFTA) is beneficial to America because, it encourages the expansion of job opportunities, abolishes taxes and tariffs that can restrict the flow of imports and exports, and supplies the States with goods and services at lower costs causing profits to increase exponentially.
To put you in the right frame of mind the, year is 1991. George H. W. Bush is president, Operation Desert Storm came and went, and prior to the signing of NAFTA, the only trade agreement resembling it in North America was the Canadian-United States Free Trade Agreement (CUSFTA). With CUSFTA coming into its junior year, President Bush was getting ready to launch another trade agreement involving the United States and Mexico. With talks already under way between President Bush and Mexican President Carlos Salinas De Gortari outlining the agreement. Canada was beginning to conjure up fears within its own administration that this new trade agreement between the United States and Mexico might cause CUSFTA to take a back seat. These fear-mongers main campaign point was that this agreement with Mexico would cause cheap Mexican labor to undercut the Canadian work force, slowing trade with Canada to a trickle. So, with this fear firmly griping Canadian political and economical big wigs, Canada requested to participate in what would become NAFTA in 1994.
Beside the purpose tha...


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... Inst For Intl Economics.
NAFTA: A Decade of Success | Office of the United States Trade Representative. (n.d.). Office of the United States Trade Representative. Retrieved July 14, 2010, from http://www.ustr.gov/about-us/press-office/fact-sheets/archives/2004/july/nafta-decade-success
SICE: Trade Agreements: North American Free Trade Agreement. (n.d.). SICE the OAS Foreign Trade Information System. Retrieved July 14, 2010, from http://www.sice.oas.org/trade/nafta/naftatce.asp
The Case Against Free Trade: GATT, NAFTA, and the Globalization of Corporate Power (An Earth Island Press Book). (1993). California: North Atlantic Books.
Radcliffe, B. (n.d.). The Basics Of Tariffs And Trade Barriers. Investopedia.com - Your Source For Investing Education. Retrieved July 17, 2010, from http://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp



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