nafta

Nafta cafta: 

Nafta cafta From: Priyanka U. Rao

PowerPoint Presentation: 

NAFTA

PowerPoint Presentation: 

North American Free Trade Agreement Establishment- January 1, 1994 Membership countries- Canada, Mexico & United States . Administrative centre- Mexico City, Ottawa, and Washington D.C. Languages- English,Spanish & French

INTRODUCTION ON NAFTA : 

INTRODUCTION ON NAFTA NAFTA was signed by President George H.W. Bush, Mexican President Salinas, and Canadian Prime Minister Brian Mulroney in 1992. It was signed into law by President Bill Clinton on December 8, 1993 and entered into force on January 1, 1994 NAFTA was to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace.

PowerPoint Presentation: 

President Bill Clinton promotes NAFTA at the United States Chamber of Commerce in November, 1993.

Why Was NAFTA Formed?: 

Why Was NAFTA Formed? Article 102 of the NAFTA agreement outlines its purpose: Grant the signatories MOST FAVOURATE NATIONS status. Eliminate barriers to trade and facilitate the cross-border movement of goods and services. Promote conditions of fair competition. Increase investment opportunities. Provide protection and enforcement of intellectual property rights. Create procedures for the resolution of trade disputes. Establish a framework for further trilateral, regional and multilateral cooperation to expand NAFTA's benefits.

What Are the Advantages of NAFTA?: 

What Are the Advantages of NAFTA? Increased Trade. Boosted U.S. Farm Exports. Created Trade Surplus in Services. Reduced Oil and Grocery Prices. Stepped Up Foreign Direct Investment.

INTRODUCTION: 

INTRODUCTION The Dominican Republic–Central America Free Trade Agreement, commonly called DR-CAFTA, is a free trade agreement . Establishment- August 5, 2004 Membership countries- F ive Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic.

ADVANTAGES OF CAFTA: 

ADVANTAGES OF CAFTA Tariffs on about 80 percent of US exports to the participating countries were eliminated immediately. The goods and services of U.S. businesses entered the Central American market on a much more competitive basis. Reduced barriers to services Promoted transparency.

Goal of cafta: 

Goal of cafta The goal of the agreement is the creation of a free trade area, similar to the North American Free Trade Agreement (NAFTA) which currently encompasses the US, Canada, and Mexico. DR-CAFTA is also seen as a stepping stone towards the FTAA, another (more ambitious) free trade agreement that would encompass all the South American and Caribbean nations as well as those of North and Central America except Cuba. Canada is negotiating a similar treaty called the Canada Central American Free Trade Agreement