Introduction The North American Free Trade Agreement (NAFTA) is an agreement between the United States, Canada, and Mexico which provides for free trade among the three countries by removing or reducing restrictions to trade, such as tariffs and quotas, and providing a fair method for settling disputes. NAFTA went into effect in 1994. “The agreement […]
Tag Archives: NAFTA
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The North American Free Trade Agreement (NAFTA) was an agreement signed between Canada, United States and Mexico in 1992 and took effect in 1994. The trade agreement’s main goal was to build the largest free trade region across the globe. Thanks to NAFTA, Canada and United States currently exchange nearly $1.5 billion in goods and […]
The controversial CAFTA (Central America Free Trade Agreement) or CAFTA-DR is a big factor in international business. It not only affects the seven countries that are involved in the agreement (The Dominican Republic, The United States, El Salvador, Guatemala, Nicaragua, and Honduras-also Costa Rica when and if they approve the agreement), but it also affects […]
Is international trade an opportunity and/or a threat to workers? What are the biggest challenges facing the international trading system? In regards to my thoughts on international trade as an opportunity or/and threat to workers and input to the major challenges facing the international trade system, I have concluded the following: When there is international […]
Mexico has experienced many changes since NAFTA was initiated on January 1, 1994 (“The North American Free Trade Agreement”, n.d.). There is much argument as to whether or not NAFTA actually helped or hindered Mexico’s economy. When NAFTA began in 1994 the Mexican government was “single-party dominated, and in 2003 to present time it has […]