+ NAFTA: North American Free Trade Agreement William Breeman

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Text of + NAFTA: North American Free Trade Agreement William Breeman

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  • + NAFTA: North American Free Trade Agreement William Breeman
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  • + What is NAFTA? NAFTA is between the US, Canada & Mexico Mainly Economic Signed in December 1992 In effect on January 1, 1994 18 Years Old
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  • + Members (Big Shocker Here) The United States of America (USA) The United Mexican States (Mexico) Canada
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  • + Purpose? Eliminate tariffs & barriers Promote fair & free trade Regional cooperation-Secretariat Trade disputes Protection: property & rights Settlements Increase investments
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  • + 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.)
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  • + Is NAFTA Good Or Bad?
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  • + NAFTAs 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)
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  • + NAFTAs 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
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  • + NAFTAs 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
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  • + Works Cited Home. NAFTANOW.ORG. 11/25/2010. 3/21/2012. http://www.naftanow.org/default_en.asp. 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.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. 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. 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. http://www.citizen.org/Page.aspx?pid=531