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The North American Free Trade Agreement (NAFTA) is a treaty that calls for the gradual removal of tariffs and other trade barriers on most goods produced and sold in North America. NAFTA became effective in Canada, Mexico, and the United States on January 1, 1994. “By 1997, NAFTA countries had a combined population of more than 365 million and a combined gross domestic product of $8. ... NAFTA forms the world’s second largest free-trade zone, bringing together 365 million consumers in Canada, Mexico, and the United States in an open market. ...
NAFTA was built upon a 1989 trade agreement between the United States and Canada that eliminated or reduced many tariffs between the two countries. Prior to NAFTA, United States and Canada had enjoyed a free-trade agreement since 1989. NAFTA called for immediately eliminating duties on half of all US goods shipped to Mexico and gradually eliminating them entirely by 2008 (MCConnel,108). ... Other stipulations were designed to promote conditions of fair competition in the free trade area and to create effective procedures for the implementation and application of this Agreement, for its joint administration and for the resolution of disputes (NAFTA, 1). ... NAFTA marks the first time in the history of the US trade policy that environmental concerns have been directly addressed.
In December 1992, NAFTA was signed by the leaders of Canada (Brian Mulroney), United States (George W. ... After a lengthy debate, the legislators in all three countries approved NAFTA on November 17, 1993. In the United States, the debate over NAFTA divided members of both the Democratic and Republican parties and ignited fierce opposition from environmental and labor groups.
Approximate Word count = 1362
Approximate Pages = 5.4
(250 words per page double spaced)
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