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NAFTA: North American Free Trade
AgreementWilliam Breeman
+What is NAFTA?
NAFTA is between the US, Canada & Mexico
Mainly Economic
Signed in December 1992
In effect on January 1, 199418 Years Old
+Members (Big Shocker Here)The United States of America (USA)
The United Mexican States (Mexico)
Canada
+
Purpose?Eliminate tariffs & barriers
Promote fair & free trade
Regional cooperation-SecretariatTrade disputesProtection: property & rights Settlements
Increase investments
+“Terms to Know” Dumping: selling goods in foreign markets at prices
lower than those in the home market
Antidumping (AD): a special tax is imposed on dumped goods to protect the domestic market & industry
Subsidy: money granted by the government to assist an industry or business so it can remain competitive
Countervailing Duty (CVD): imposed on imported goods to protect domestic industry by subsidized imports from other countries
Injury: caused by dumped or subsidized goods that damage the domestic market (decreased profit, lost sales, etc.)
+Is NAFTA Good Or Bad?
+NAFTA’s Advantages
No tariffs between member nations Minimal between Mexico & Canada
Mainly on agriculture (Eggs, Wheat, etc.)
Profits for businesses increased
Trade increased $2.6 billion in trade a day (2008)
+
+NAFTA’s Disadvantages
Hurts citizens in member nations Lowered wages, job loss, etc.
Manufacturing & Agriculture
Increase in pollution Air, water, toxin, etc.
Mainly in USA
Increased poverty Mainly in Mexico
+
+NAFTA’s Overall Impact
Overall job increase 23% Increase: ~40 million workers (2008) Lower pay
Increased trade between member countries
Decrease in domestic markets “Deindustrialization” in US & Canada
Mexico: Chiapas Rebellion Zapatistas & upset farmers
+Works Cited“Home.” NAFTANOW.ORG. 11/25/2010. 3/21/2012.
http://www.naftanow.org/default_en.asp.
“Frequently Asked Questions.” NAFTA Secretariat. 6/9/2010. 3/21/2012. http://www.nafta-sec-alena.org/en/view.aspx?x=283.
Reinert, Kenneth A., Roland-Holst, David W. “The Industrial Pollution Impacts of NAFTA.” November 2000. 3/22/2012. http://www.cec.org/programs_projects/trade_environ_econ/pdfs/Reinert.pdf.
“North American Free Trade Agreement (NAFTA).” USDA. 6/30/2012. 3/21/2012. http://www.fas.usda.gov/itp/Policy/NAFTA/nafta.asp.
“North American Free Trade Agreement (NAFTA).” Public Citizen. 2012. 3/22/2012. http://www.citizen.org/Page.aspx?pid=531.