NAFTA P[1].P

NAFTANorth American Free Trade Agreement : 

NAFTANorth American Free Trade Agreement

WHAT IS NAFTA? : 

WHAT IS NAFTA? The North American Free Trade Agreement (NAFTA ) is a trilateral trade bloc in North America created by the governments of the United States, Canada, and Mexico The agreements were signed in December 1993 by the leaders of the three countries — Brian Mulroney of Canada, Carlos Salinas de Gortari of Mexico, and Bill Clinton of the United States but did not come into effect until January 1, 1994.

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In terms of combined purchasing power parity GDP of its members, as of 2008 the trade bloc is the largest in the world and second largest by nominal GDP comparison. It also is one of the most powerful, wide-reaching treaties in the world.

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Final provisions of the North American Free Trade Agreement (NAFTA) were fully implemented on January 1, 2008. NAFTA one of the most successful trade agreements in history and has contributed to significant increases in agricultural trade and investment between the United States, Canada and Mexico and has benefited farmers, ranchers and consumers throughout North America.

NAFTA COMPLIANCE TEAM : 

NAFTA COMPLIANCE TEAM THREE PERSON TEAM DEDICATED TO RESOLVING NAFTA MARKET ACCESS AND COMPLIANCE CASES. TEAM LEADER, MEXICO AND CANADA DESK OFFICERS THE TEAM COMBINES EXPERIENCE IN UNDERSTANDING NAFTA REGULATIONS WITH SPECIFIC COUNTRY EXPERTISE TRY TO RESOLVE PROBLEMS BY PERSUADING FOREIGN COUNTRY TO COME INTO COMPLIANCE VOLUNTARILY, AVOIDING TIME AND EFFORT INVOLVED IN FORMAL DISPUTE SETTLEMENT

NAFTA IN PERSPECTIVE : 

NAFTA IN PERSPECTIVE U.S. two-way trade with Canada and Mexico exceeds U.S. trade with the European Union and Japan combined. In fact, US trade more in a month to Mexico than with all the other countries in a year. US export more to Mexico in a day than with Paraguay in a year. US export more in a week with Canada than with Central America in a year

U.S. TRADE IN PERSPECTIVE2008 : 

U.S. TRADE IN PERSPECTIVE2008

Top Ten Countries with which the U.S. Trades : 

Top Ten Countries with which the U.S. Trades

KEY NAFTA PROVISIONS : 

KEY NAFTA PROVISIONS Sanitary and Phytosanitary Measures Export Subsidies Internal Support Grade and Quality Standards Rules of Origin

EFFECTS OF NAFTA : 

EFFECTS OF NAFTA BENEFITS LIMITATIONS

BENEFITS : 

BENEFITS NAFTA eliminates trade barrier Benefit’s the importers by reduced or duty free goods. No MPF from Canada for NAFTA goods Can make the exporter more competitive then other non-participating countries 200% increase in trade among the 3 countries. Increase market access within each country.

LIMITATONS : 

LIMITATONS It has negative impacts on farmers in Mexico who saw food prices fall based on cheap imports from U.S. agribusiness It has negative impacts on U.S. workers in manufacturing and assembly industries who lost jobs. Critics also argue that NAFTA has contributed to the rising levels of inequality in both the U.S. and Mexico. Some economists believe that NAFTA has not been enough (or worked fast enough) to produce an economic convergence, nor to substantially reduce poverty rates

NAFTA SUPPLEMENTS : 

NAFTA SUPPLEMENTS The North American Agreement on Environmental Cooperation (NAAEC) The North American Agreement on Labour Cooperation (NAALC)

PUBLIC OPINION : 

PUBLIC OPINION Public opinion toward NAFTA in the United States, Canada, and Mexico is mixed. A survey conducted by CIDE and COMEXI in Mexico showed that 64 percent of the Mexican public favored NAFTA. The Program on International Policy Attitudes reported in a poll that 47 percent of Americans thought that NAFTA has been good for the United States, while 39 percent thought it had been bad for the country

Impact on Jobs : 

Impact on Jobs The study's indicates that the reduction in net exports to Mexico has eliminated 227,663 U.S. job opportunities since 1993, and the reduction in net exports to Canada has eliminated 167,172 job opportunities in the same period. In total, NAFTA resulted in a net loss of 394,835 jobs in its first three years. The analysis finds that NAFTA has eliminated significant numbers of jobs for women and members of minority groups, as well as white males. Between 1993 and 1996, women lost 141,454 jobs to NAFTA, blacks lost 36,890 jobs, and Hispanics lost 22,520 jobs, numbers closely reflecting these groups' shares in manufacturing industries

CONCLUSION : 

CONCLUSION NAFTA is one of the most successful treaties of the times in terms of growth in trade i.e. imports & exports , G.D.P etc. but on the other hand it is also responsible for causalities like loss of jobs, migration, rising level of inequality and many others. Thus it is important that the treaty should be carried forward concerning about taking steps for the problems originated due to NAFTA ,otherwise it will create inequality in many terms which can lead to bad conditions in future for all the three countries.

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Thank You