+ 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?
+ 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)
+ 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
+ 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
+ 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