NAFTA North American Free Trade Agreement William Breeman
+ NAFTA: North American Free Trade Agreement William Breeman
+ What is NAFTA? n. NAFTA is between the US, Canada & Mexico n. Mainly Economic n. Signed in December 1992 n. In effect on January 1, 1994 n 18 Years Old
+ Members (Big Shocker Here) n. The United States of America (USA) n. The United Mexican States (Mexico) n. Canada
+ Purpose? n Eliminate n Promote tariffs & barriers fair & free trade n Regional cooperation-Secretariat n Trade disputes n Protection: property & rights n Settlements n Increase investments
+ “Terms to Know” n Dumping: selling goods in foreign markets at prices lower than those in the home market n Antidumping (AD): a special tax is imposed on dumped goods to protect the domestic market & industry n Subsidy: money granted by the government to assist an industry or business so it can remain competitive n Countervailing Duty (CVD): imposed on imported goods to protect domestic industry by subsidized imports from other countries n Injury: caused by dumped or subsidized goods that damage the domestic market (decreased profit, lost sales, etc. )
+ Is NAFTA Good Or Bad?
+ NAFTA’s Advantages n No tariffs between member nations n Minimal between Mexico & Canada n Mainly on agriculture (Eggs, Wheat, etc. ) n Profits n Trade for businesses increased n $2. 6 billion in trade a day (2008)
+ NAFTA’s Disadvantages n Hurts citizens in member nations n Lowered wages, job loss, etc. n n Increase in pollution n Air, water, toxin, etc. n n Manufacturing & Agriculture Mainly in USA Increased poverty n Mainly in Mexico
+ NAFTA’s Overall Impact n Overall job increase n 23% Increase: ~40 million workers (2008) n Lower pay n Increased trade between member countries n Decrease in domestic markets n “Deindustrialization” in US & Canada n Mexico: Chiapas Rebellion n Zapatistas & upset farmers
+ 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-secalena. 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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