NAFTA+is+Established

=NAFTA is Established-1994=

Overview
The North American Free Trade Agreement is an agreement signed by Canada, The United States of America, and Mexico. The agreement started on January 1, 1994. It created a trilateral trade bloc in North America. Its combined purchasing power parity GDP of its members, it is the largest trade bloc in the world. NAFTA has two supplements. The North American Agreement on Environmental Cooperation and the North American Agreement on Labor Cooperation. Securing the US approval without addressing public concerns about NAFTA's environmental impact would have been impossible. NAFTA was established to remove tariffs between the three countries over the next 15 years.

Central Issue
NAFTA's effects have been both positive and negative. Some experts say that the positive effects are for Mexico. This is because the povery rate have gotten lower and that the real income is on the rise. Some say that the it has been bveneficial to all three country's business owners and has negatively effected Mexico's farmer because of all the cheap imports on American goods. It is argueable that NAFTA has contributed to the to rising levels of inequality in US and Mexico. In order for NAFTA to work fully Mexico would have to spend more on education and increase innovation. Agriculture is a controversial topic in NAFTA. Three separate trade agreements were signed. The Canada-US agreement included restrictions and tariff quotas on agricultural products. The Mexico-US agreement allows for wider liberalization with a frame work of phase out periods.

Conclusion/Historical Significance
NAFTA has made a huge impact on the North American continent. It has stabilized trade within the continent and has helped all three of the countrie involvved, Canada, United States, and Mexico. Although there are some people that believe that there are negative effects, I believe that NAFTA is positively helping the countries involved. Although if it could be better we should strive to do so. If Mexico could more of their resources towards education for its people it would work that much better for everyone involved.

References (2009-10.1.2.F)