In 1993, President Bill Clinton signed the North American Free Trade Agreement (NAFTA). Choose one of the nations involved, and discuss the positive and negative effects NAFTA has had on its economy, imports, and exports. Do you think NAFTA is a successful agreement? Why or why not?
Answers
Answer:
NAFTAWWERRRTESDFFFERRRRR
Answer:
The North American Free Trade Agreement (NAFTA) was implemented in 1994 to encourage trade between the U.S., Mexico, and Canada.
NAFTA reduced or eliminated tariffs on imports and exports between the three participating countries, creating a huge free-trade zone.
Two side agreements to NAFTA aimed to establish high common standards in workplace safety, labor rights, and environmental protection, to prevent businesses from relocating to other countries to exploit lower wages or looser regulations.
The United States-Mexico-Canada Agreement (USMCA), which was signed on Nov. 30, 2018, and went into full force on July 1, 2020, replaced NAFTA.
NAFTA was a controversial agreement: By some measures (trade growth and investment), it improved the U.S. economy; by others (employment, balance of trade), it hurt the economy.