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    NAFTA PPT by Salman Danish

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    Salman Danish
    NAFTA is an agreement signed in 1992 between Canada, Mexico, and the United States that came into force in 1994. It aims to eliminate barriers to trade and investment between the three countries. While NAFTA increased trade flows, critics argue it negatively impacted some industries like manufacturing and farming. It also increased inequality within member countries. Overall, its effects have been debated, with some arguing more is needed to boost economic convergence and reduce poverty.

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    NAFTA PPT by Salman Danish

    Uploaded by

    Salman Danish
    260 views8 pages
    NAFTA is an agreement signed in 1992 between Canada, Mexico, and the United States that came into force in 1994. It aims to eliminate barriers to trade and investment between the three countries. While NAFTA increased trade flows, critics argue it negatively impacted some industries like manufacturing and farming. It also increased inequality within member countries. Overall, its effects have been debated, with some arguing more is needed to boost economic convergence and reduce poverty.

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    NAFTA is an agreement signed in 1992 between Canada, Mexico, and the United States that came into force in 1994. It aims to eliminate barriers to trade and investment between the three countries. While NAFTA increased trade flows, critics argue it negatively impacted some industries like manufacturing and farming. It also increased inequality within member countries. Overall, its effects have been debated, with some arguing more is needed to boost economic convergence and reduce poverty.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    260 views8 pages

    NAFTA PPT by Salman Danish

    Uploaded by

    Salman Danish
    NAFTA is an agreement signed in 1992 between Canada, Mexico, and the United States that came into force in 1994. It aims to eliminate barriers to trade and investment between the three countries. While NAFTA increased trade flows, critics argue it negatively impacted some industries like manufacturing and farming. It also increased inequality within member countries. Overall, its effects have been debated, with some arguing more is needed to boost economic convergence and reduce poverty.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    NAFTA

    Headquarters
    Mexico City (Mexico), Ottawa (Canada), Washington D.C. (USA)

    NAFTA
    North American Free Trade Agreement is an agreement signed by the governments of Canada, Mexico, and the United States. The agreement came into force on January 1, 1994. In terms of combined GDP of its members, as of 2010 the trade bloc is the largest in the world.

    NAFTA has two supplements: The North American Agreement on Environmental Cooperation (NAAEC) and the North American Agreement on Labor Cooperation (NAALC).
    The Leaders(U.S. President George H. W. Bush, Canadian Prime Minister Brian Mulroney and Mexican President Carlos Salinas) met in San Antonio, Texas, on December 17, 1992, to sign NAFTA. The agreement then needed to be ratified by each nation's legislative or parliamentary branch.

    Controversies
    The proposed Canada- U.S. trade agreement had been very controversial and divisive in Canada, and the 1988 Canadian election was fought almost exclusively on that issue. In that election, more Canadians voted for anti-free trade parties (the Liberals and the New Democrats) but the split caused more seats in parliament to be won by the pro-free trade Progressive Conservatives (PCs)

    Provisions
    The goal of NAFTA was to eliminate barriers to trade and investment between the US, Canada and Mexico. The implementation of NAFTA on January 1, 1994 brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than onethird of U.S. exports to Mexico. Within 10 years of the implementation of the agreement , all US-Mexico tariffs would be eliminated except for some U.S. agricultural exports to Mexico that were to be phased out within 15 years.

    Mechanisms
    Even after accounting for the 199495 economic crisis. Others argue that NAFTA has been beneficial to business owners and elites in all three countries, but has had negative impacts on farmers in Mexico who saw food prices fall based on cheap imports from US agribusiness and negative impacts on US workers in manufacturing and assembly industries who lost jobs. Critics also argue that NAFTA has contributed to the rising levels of inequality in both the US and Mexico. Some economists believe that NAFTA has not been enough or worked fast enough to produce an economic convergence, nor to substantially reduce poverty rates. Some have suggested that in order to fully benefit from the agreement, Mexico must invest more in education and promote innovation in infrastructure and agriculture.

    Industry
    Maquiladoras (Mexican factories that take in imported raw materials and produce goods for export) have become the landmark of trade in Mexico. These are plants that moved to this region from the United States, hence the debate over the loss of American jobs. Hufbauer's (2005) book shows that income in the maquiladora sector has increased 15.5% since the implementation of NAFTA in 1994. Other sectors now benefit from the free trade agreement, and the share of exports from non-border states has increased in the last five years while the share of exports from maquiladoraborder states has decreased. This has allowed for the rapid growth of non-border metropolitan areas, such as Toluca, Len and Puebla; all three larger in population than Tijuana, Ciudad Jurez, and Reynosa.

    Presented to : Mrs. Swati Sharma (Faculty)

    Presented By: Salman Danish & Ujjwal

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