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The Purpose Of NAFTA

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• This article talked about Bill Clinton signing & the speech of the North American Free Trade Agreement (NAFTA). The main purpose of NAFTA was to create a free-trade zone (an area where goods can travel freely without paying important duties) including Canada, the United States, and Mexico (Voices of Freedom). In the speech on singing NAFTA Bill Clinton promoted the signing of NAFTA and asked Americans to accept globalization as an inventible form of progress. He also promised two main things. The first thing he promised was that this agreement was the path to future prosperity. He also promised that there would be no job loss.

• This article is very significant to history because it boosted economic growth, profits, and jobs for Canada, US, and Mexico. NAFTA also quadrupled trade, lowered prices, increased foreign direct investment, and reduced government spending. The way NAFTA boosted trade was that it eliminated all tariffs between the three countries. With eliminating tariffs or having lower tariffs NAFTA also reduced import prices. With import prices reduced it also lessened the risk of inflation and allowed the Federal Reserve to keep interest rates low. This article is significant to lecture because we talked about Bill Clinton and what he did during this presidency.

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NAFTA made the economy grow which effect everyone. However, I think that many workers in the U.S. did not support NAFTA because jobs were lost as production moved to Mexico. Besides U.S. workers losing jobs I think that NAFTA helped the United States significantly. If NAFTA was never signed it makes an individual wonder if there would be any free-trade

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