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Pros And Cons Of Nafta

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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

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