ipl-logo

Pros And Cons Of Nafta

804 Words4 Pages

Like any decision, agreement, or compromise there are positives and negatives, NAFTA is not an exempt as its issues spark heated debates. Although, it holds a significant place in Canadian history, making it a positive choice. The North American Free Trade Agreement took effect January 1, 1994. It is a trade agreement between all three of countries of North America, which are The United States, Canada and Mexico. The Canadian Prime Minister, Brian Mulroney, the Mexican President, Carlos Salinas de Gortari, and former U.S. President George H. Bush spearheaded the agreement. Relationships between the countries were already on good terms, especially between The United States and Canada. It was a matter of only time before a more integrated agreement …show more content…

In truth, The United States is the greatest benefactor, trade between the countries are hitting record highs. Canada and Mexico are the #1 and #2 importers of U.S. goods and services. Also they are #2 and #4 according to The United State's largest exporters list. Canada’s GDP has grown at a faster rate than either Mexico’s or the United States since 1994. The trade between Canada and The United States is astounding. It’s the largest flow of goods and services in the world, over $1 billion a day in goods cross the border in North America. Not only did removing the tariffs make it possible for companies and manufacturers of Canada and Mexico to increase profits, it also lowered to price of foreign goods. These new lower prices were now able to compete with the domestic products in the United States. Which caused statistics to show a great rise in exports (Stat-Can North American exports 1996). The agreement helped Canada with its imports and exports resulting in a trade surplus. The NAFTA Agreement is clearly proven that it benefits Canada’s …show more content…

According to CRF Backgrounders it is stated that The NAFTA agreement sparked four million and seven hundred thousand jobs in Canada since 1993. The increase of exports and the increase of jobs are positively correlated, as one goes up the other will follow and vice versa. Which proves that NAFTA helped regenerate Canada’s economy by sparking millions of jobs. In fact, almost one in five jobs in Canada are linked to international trade. "NAFTA means jobs. North American jobs which are actually good paying North American jobs. If I didn't believe that, I wouldn't support this agreement," Bill Clinton stated. The standard of living is also rising due to all the people finding the jobs that are available in Canada for them. With NAFTA, Canadian companies are becoming more profitable and competitive, leading to job creation. This could lead to becoming more efficient and more effective in the trading industry. With increased economic activity in a country, more areas of employment are opened the reason being is that almost everything revolves around

Show More
Related
906 Words | 4 Pages

The fund from employees, employers and the Canadian government was spread to the unemployed and it had managed to cover 42% of total unemployed. In contrast to the Bennett’s, King, here, focused on supporting the unemployed rather than giving them low-waged jobs in a forceful way. With the increased trade with Canada due to the increase in demand but lower price, King was able to achieve the improvements in the employment due to more job opportunities, and this insurance scheme had played a great role in forming the foundation of future unemployment scheme. Therefore, Mackenzie’s policy should be seen as more effective since its method had more public’s support as seen from “King or Chaos” and actually contributed to the stabilisation of the Canadian

Read More
1626 Words | 7 Pages

Canada’s economy has undergone continuous changes throughout the years. Many of these developments include newly established acts, economical, and political reforms; the core of what has shaped the country into what it is today. More prominently, since the 1950s, Canada’s identity as a nation is stronger and more defined due to many of these growths. One can clearly see this from the following examples; the welfare state, the St. Lawrence Seaway, and NAFTA.

Read More
576 Words | 3 Pages

Ever since the NAFTA trade agreement was signed in 1994, it has created huge economic growth between all three countries. Among the three countries, an increase in trade has boosted the Canadian

Read More
1213 Words | 5 Pages

Tariffs would be categorically reduced between the two nations, massively expanding the exchange of goods between the two countries. Labour activism, which had been so prominent in the environment of economic nationalism in the early Trudeau era, was devastated. High unemployment massively decreased

Read More
1567 Words | 7 Pages

Despite the National policy not being in effect for close to a century we can still see its effects today, both on our political community but also on the fabric of our Nation. While MacDonald sought to connect the nation from coast to coast by rail, the governments of the 1950’s and 1960’s sought to connect the country through what is now the TransCanada highway, further driving our east-west transfer of goods. We can see that over time the original regional and economic biases displayed in the original National Policy have over time manifested themselves into feelings of distrust and have vastly affected our political community through their federal voting preferences, shaping the nation of Canada both for present and future

Read More
1350 Words | 6 Pages

With trade increasing in Canada, the demand for more skilled labour expanded. 1 in 5 jobs were linked to international trade in Canada while helping to produce over 1.8 million new jobs for Canadian’s within the first 5 years of NAFTAs existence. “Also, no less importantly over 4.5 million jobs have been created in Canada since NAFTA. It’s done its job as we’d hoped – and then some.” Mulroney, Canada’s 18th prime minister.

Read More
379 Words | 2 Pages

This treaty has been in effect since January 1, 1994. NAFTA was signed to help raise the standard of living for people in Canada. The North American Free Trade Agreement is one of the largest free trade zones. It has laid the foundations for a very strong economic growth and rising prosperity for Canada. NAFTA was designed to remove tariff barriers between Canada, Mexico, and

Read More
1831 Words | 8 Pages

During these decades Canada created an international reputation as a nation with abundant resources, which it upholds to this day. Although Canada’s raw material industry has changed, it remains one of the most important parts of Canada’s economy since it emerged in the 1920s (Drummond). Aside from having an abundance of natural resources, Canada also became known for its dependence on America’s economy that was originally forged during the 1920s and 1930s. One of the most obvious forms of America’s economic involvement in Canada during these periods

Read More
1710 Words | 7 Pages

Although this article does not really discuss the american influence on Canada, it mentions how by canada joining prestigious organizations, they become “more americain.” The fact that this article discusses Canada becoming “more american” is what interest me and is what I am going to use for my own paper. I am going to discuss how countries relate Canada's distinctiveness to Canada becoming more like the United States. This article also discusses how Canada's decision to join to OAS was expected, but also considered a revolution as they were convinced by the Americas to join, or more so, convinced by the United States.

Read More
1778 Words | 8 Pages

In addition, the U.S. hoped to better relations with Mexico by using the Good Neighbour Policy, but the Mexicans found that the ties of the Good Neighbour Policy were making the Americans more dominant over some areas of the economy, like the oil industry, while millions of Mexican’s still lived in poverty. The Good Neighbour Policy is another method of neo-colonialism because the U.S. tried to use peaceful diplomacy to further their expansion and control over Latin America. The Good Neighbour Policy was not effective because it led to U.S. military intervention in Cuba and the U.S was dominating the Mexican industry, but was quite a different result when Canada used the Good Neighbour policy in Latin America. Canadian foreign policy was very similar to U.S. foreign policy because, in fact, Canada adopted the Good Neighbour Policy from the U.S. to promote better relations in Latin America. John M. Kirk and Peter McKenna argue that Canada actually kept true to its word with the Good Neighbour Policy because in Cuba they promoted a peaceful relationship, which has led to a bilateral trade of 500 million dollars.

Read More
656 Words | 3 Pages

In Allan’s Bomb Canada piece it is explored how American rhetoric about the deal leading to Canada’s annexation helped to halt the bill in Canadian parliament, and further assisted in Borden’s victory. Allan shows how many Canadian’s viewed the agreement as a zero-sum game, and they were losing. They believed American influence was to strong and would stifle all attempts of Canadian business to be successful. What the piece and lectures help to highlight is a key aspect of Canadian Identity; Canadians as not Americans. This is a process of distinguishing Canadians from Americans by any means necessary.

Read More
2432 Words | 10 Pages

It has seemed that Quebec’s issues and concerns have outweighed all other national concerns. The main issues that are highlighted are the ongoing debates over sovereignty and language. During the 1960’s Quebec’s “Quiet Revolution”, led by Jean Lesage’s Liberals, were able to gain significantly more control over health care, education, and natural resources. Further demands were made by the elected sovereignist Parti Québécois and Bloc Québécois (Dickinson and Young 2003: 324-327). All the provinces of Canada sought to include Quebec into the discussions of the Meech Lake and Charlottetown accords, which were a package of proposed economic and political concessions intended to persuade Quebec to remain within Canada, as well as to reform the Senate.

Read More
620 Words | 3 Pages

The North American Free Trade Act (NAFTA) came into effect on January 1, 1994. One of the promises of the Trump administration in the US was to renegotiate the trilateral free trade deal, which operates between Canada, Mexico, and the United States. While trade talks about the deal have been contentious, experts have long speculated NAFTA is good for Canada. On the other hand, many people were opposed to the deal when it first arrived nearly a quarter-century ago, and there are those who believe NAFTA has done more harm than good for the great white north. Continuing trade talks have left many wondering what influence NAFTA has on Canada’s imports and exports.

Read More
674 Words | 3 Pages

The NAFTA has increased illegal immigration in the United States, “With the reduction of tariffs, NAFTA also allowed

Read More
1269 Words | 6 Pages

To various extents. To an extent that it almost resulted to a “trade war” between Canada and the neighbor nations – US. For example, in the name of Culture, while the Canadian Government was trying

Read More

More about Pros And Cons Of Nafta

Related Topics

Open Document