What is NAFTA

 Trade pact that took into effect January 1, 1994 that was intended to gradually eliminate
most tariffs and other trade barriers on products and services passing between the United
States, Canada , and Mexico.

 The pact has lead to much debate and protest from all sides, predominantly Mexican
farmers and American factory workers. Current debates about NAFTA are focussed
around the expansion of NAFTA

 The pact has effectively created a free-trade bloc among the three largest countries of
North America, covering a region of nearly 400 million people that produces over $8 trillion
in goods and services.

 The majority of industries in the United States, Canada, and Mexico have benefited from
NAFTA.
HISTORY OF NAFTA
NAFTA stands for the North American Free Trade Agreement.
NAFTA was signed in 1992 by the then presidents/prime ministers of Canada, Mexico, and the United States.
NAFTA didn't take full effect until 1994 however.
Despite passing in the 90's NAFTA was originally proposed by Ronald Reagan in the 1980's.
GOALS OF NAFTA
NAFTA was designed to do the following:
Give each country a preferred trade relationship with the other countries that signed NAFTA.
Increase cross border trade.
Promote fair competition.
Establish further benefits for all countries involved in the signing of NAFTA.
TRADE
AT A
GLANCE
Opposition to NAFTA

US Problems with NAFTA

NAFTA was criticized by democrats because it didn't protect the interests of workers.
It was also criticized by republicans who believed it was too similar to the EU.
Canadians problems with NAFTA
Many argued that NAFTA undermined and weakened the work force on Canada.
Mexican Problems with NAFTA
Mexicans believed that NAFTA weakened their workforce, as well as opened their borders to the drug
trade.
OTHER DOWNSIDES OF NAFTA
Canada lost thousands of tons of Water due to NAFTA
The United States lost a large portion of it's domestic work force to foreign labor.
The United States also suffered from more drugs coming in from Mexico.
Mexican's where forced to deal with the ensuing drug war that occurred due to the large demand for drugs in the
United States.
Mexico also lost a huge portion of it's work force.
CANADA AND MEXICO FACE A TRICKY
RENEGOTIATION OF THEIR TRADE DEAL
WITH THE UNITED STATES
 This means war: furious Canada and Mexico launch retaliation after Trump imposes tariffs in 2018

 Canada, the largest exporter of steel and aluminium to the United States, said it would apply
counter tariffs of 25 per cent and 10 per cent on US$16.6 billion worth of American metals,
farm goods and other products, to take effect July 1.

 PUBLISHED : Thursday, 31 May, 2018, 10:36pm

 UPDATED : Friday, 01 June, 2018, 11:04am
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