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NAFTA: North American Free Trade Agreement

NAFTA: North American Free Trade Agreement. William Breeman. What is NAFTA?. NAFTA is between the US, Canada & Mexico Mainly Economic Signed in December 1992 In effect on January 1, 1994 18 Years Old. Members (Big Shocker Here). The United States of America (USA)

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NAFTA: North American Free Trade Agreement

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  1. NAFTA: North American Free Trade Agreement William Breeman

  2. What is NAFTA? • NAFTA is between the US, Canada & Mexico • Mainly Economic • Signed in December 1992 • In effect on January 1, 1994 • 18 Years Old

  3. Members (Big Shocker Here) • The United States of America (USA) • The United Mexican States (Mexico) • Canada

  4. Purpose? • Eliminate tariffs & barriers • Promote fair & free trade • Regional cooperation-Secretariat • Trade disputes • Protection: property & rights • Settlements • Increase investments

  5. “Terms to Know” • Dumping: selling goods in foreign markets at prices lower than those in the home market • Antidumping (AD): a special tax is imposed on dumped goods to protect the domestic market & industry • Subsidy: money granted by the government to assist an industry or business so it can remain competitive • Countervailing Duty (CVD): imposed on imported goods to protect domestic industry by subsidized imports from other countries • Injury: caused by dumped or subsidized goods that damage the domestic market (decreased profit, lost sales, etc.)

  6. Is NAFTA Good Or Bad?

  7. NAFTA’s Advantages • No tariffs between member nations • Minimal between Mexico & Canada • Mainly on agriculture (Eggs, Wheat, etc.) • Profits for businesses increased • Trade increased • $2.6 billion in trade a day (2008)

  8. NAFTA’s Disadvantages • Hurts citizens in member nations • Lowered wages, job loss, etc. • Manufacturing & Agriculture • Increase in pollution • Air, water, toxin, etc. • Mainly in USA • Increased poverty • Mainly in Mexico

  9. NAFTA’s Overall Impact • Overall job increase • 23% Increase: ~40 million workers (2008) • Lower pay • Increased trade between member countries • Decrease in domestic markets • “Deindustrialization” in US & Canada • Mexico: Chiapas Rebellion • Zapatistas & upset farmers

  10. Works Cited “Home.” NAFTANOW.ORG. 11/25/2010. 3/21/2012. http://www.naftanow.org/default_en.asp. “Frequently Asked Questions.” NAFTA Secretariat. 6/9/2010. 3/21/2012. http://www.nafta-sec-alena.org/en/view.aspx?x=283. Reinert, Kenneth A., Roland-Holst, David W. “The Industrial Pollution Impacts of NAFTA.” November 2000. 3/22/2012. http://www.cec.org/programs_projects/trade_environ_econ/pdfs/Reinert.pdf. “North American Free Trade Agreement (NAFTA).” USDA. 6/30/2012. 3/21/2012. http://www.fas.usda.gov/itp/Policy/NAFTA/nafta.asp. “North American Free Trade Agreement (NAFTA).” Public Citizen. 2012. 3/22/2012. http://www.citizen.org/Page.aspx?pid=531.

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