from the brain of: Libby Elizabeth

11
Oct 2021

The Passage Of The North American Free Trade Agreement (Nafta) Has Had Which Effect

Second, stronger trade has increased economic performance. The U.S. International Trade Commission found that this full implementation of NAFTA would increase U.S. growth by 0.5 percent per year. Proponents of NAFTA have argued because it has opened Up Mexican markets to U.S. companies like never before. The Mexican market is growing rapidly, which promises more export opportunities, which, in turn, means more jobs. However, proponents have struggled to convince the American public that NAFTA will do more good than harm. Their main efforts have focused on convincing citizens that all consumers benefit from as wide a choice as possible of products at the lowest possible price, which means that consumers would be the biggest beneficiaries of the reduced trade barriers. The American Chamber of Commerce, which represents the interests of small businesses, has been one of the most active supporters of NAFTA and has organized the owners and employees of small and medium-sized businesses to support the agreement. This support was key to countering the efforts of the organized workforce to end the deal. “The USMCA will give our workers, farmers, ranchers and businesses a high-level trade agreement that will lead to freer markets, fairer trade and robust economic growth in our region. It will strengthen the middle class and create good, well-paying jobs and new opportunities for nearly half a billion people who call North America home.┬áThe Clinton administration negotiated with Canada and Mexico a subsequent environmental agreement, the North American Environmental Cooperation Agreement (NAAEC), which led to the creation of the Commission for Environmental Cooperation (CEC) in 1994.

Tags are not defined
Comments are closed.