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Pros And Cons Of Nafta

1350 Words6 Pages

The North American Free Trade Agreement is an arrangement between the United States, Canada, and Mexico that oversees many laws on the imports and exports of products between these three nations. Buying and selling goods without taxes, fees or hindrances was conducted through this agreement. North American Free Trade Agreement is one of the most influential international agreement between these three countries that defined the economic, social and political development of the North American region. NAFTA is a fantastic deal for Canada since it opens doors and allows Canada to remain competitive on the world market, increases employment opportunities across Canada, and the elimination of tariffs decreases the price of consumer goods throughout …show more content…

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. This shows the increase in jobs that the NAFTA created. Canada can use the continental platform to help Canadian businesses embrace commercial opportunities around the world. As Canada’s economy grows due to an increase in manufacturing and assembly positions, the country depends on skilled laborers, high-tech equipment, and training in these fields. Collaboration between the two countries increased employment opportunities across Canada, as well as the continent. William J. Clinton stated, "NAFTA means jobs and good paying jobs. If I didn't believe that, I wouldn't support this agreement.” NAFTA has constructed more jobs in different sectors from automotive to energy and agriculture. Jobs are also established in areas of

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The North American Free Trade Agreement, otherwise known as NAFTA, is an international trade agreement between Canada, Mexico, and the United States, designed to remove tariff barriers between all three nations. Signed in the January of 1994 with final implications made in 2008. This has created substantial economic growth for Canada and its other two counterparts. NAFTA has increased trade for the Canadians, and as a result has created lots of jobs for Canada. Overall, NAFTA has been extremely beneficial for Canada since it was established in 1994.

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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

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Mark Milke The Benefits Of Nafta

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Both articles discuss what purpose The North American Free Trade Agreement (NAFTA) should serve. However, the authors have different views regarding NAFTA. I am analyzing the second article because I appreciate the way the author portrays NAFTA. The author, Mark Milke, focuses on the benefits of the free trade agreement by using normative, positive, and analytical statements. These statements help him further the case he is making in his article.

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Donald Trump does not want to keep the North American Free Trade Agreement trade, because he does not see this as a fair deal for the U.S. Indeed, according to Donald Trump, the NAFTA trade with Canada and Mexico has no more advantages for the U.S who loss 700 000 jobs, and a good amount of money. Finally, Trump is decided to end the NAFTA if there is no fair deal that is negotiated with Canada, and Mexico, because according to him, U.S. has no advantages by being in the NAFTA. Since most of our exchange are with the United State, it is hard to expect to lose them at Canada 1st trade partner.

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Moreover, sometimes these countries give financial support. “Brazil is one of five countries in the world with which Canada has a funded S&T Agreement (Government of Canada).” Free Trade Agreement (FTA) between Canada and Brazil gives countries opportunities to further develop business and increase the investment in different sector of the economy. Under this agreement, Canada recognize the importance of Brazil and vice versa. Brazil-Canada agreements give the opportunities for growth on trade and investment.

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The impact on U.S. wages was to be expected. The majority of workers who lost their jobs lost a permanent source of income in the process. It also gave employers the ability to force workers to accept lower wages. As soon as NAFTA was put into effect, U.S. employers began to tell workers that the company will move to Mexico unless they lowered the cost of their wages. These same threats were used against labor unions.

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