North American Free Trade Agreement - Wikipedia

North American Free Trade Agreement (NAFTA ..

The North American Free Trade Agreement, NAFTA, is a much criticized and praised trilateral agreement signed by Mexico,Canada and the United States, in 1993. It came into force on 1 January 1994 and its goal was to eliminate trade barriers and promote economic exchanges between the three North American countries. NAFTA replaced the previously existing Canada-United States Free Trade agreement and meant the immediate elimination of tariffs on fifty per cent of exports from Mexico to the U.S. and from the U.S. to Mexico. Alongside NAFTA, Canada, Mexico and the U.S. also signed two supplementary treaties: the North American Agreement on Labor Cooperation (NAALC) and the North American Agreement on Environmental Cooperation (NAALC). Today covers an economy with a combined output of over US$17 trillion and more than 440 million people.In the U.S. the big parties pushed the NAFTA agreement. George H. W. Bush started the negotiations and made NAFTA a central part of his 1992 presidential campaign. However, NAFTA was always a controversial issue. Before its signature the agreement was already so contentious that Ross Perot, an independent millionaire, launched a relatively successful presidential campaign centered around opposing the free-trade agreement in 1992. The "Giant sucking sound" was the famous phrase Perot used to describe the negative effects NAFTA could bring to America. There have been fears about the loss of jobs that NAFTA could cause in these countries, legal disputes regarding some exports, and concerns about its environmental and social impacts. President Obama already suggested that NAFTA may have had a negative impact in employment in some sectors and areas of the country. Most recently the Republican candidate for the White House, now President elect Donald Trump, has of being "the single worst trade deal ever approved" in the United States. Hillary Clinton brought up the idea that NAFTA may need to be amended.But why is this longstanding trade agreement still raising so many concerns? Who benefits from NAFTA? Here we outline the main advantages and disadvantages of NAFTA to help you get a better sense of what is a stake and whether you think some action should be taken to strengthen this agreement or to limit it.Emerging questions: Are NAFTA's advantages and disadvantages simply the side effects of a wider process of globalization? What will happen to NAFTA if the TTIP and/or are approved? Are politicians focusing on NAFTA simply to please their electorate or do you think they really intend to amend or supress the agreement? Do we need more or less economic protectionism? Is this another example in which the impose their will to the governments? Which of the three countries has benefited the most?

 Wilkinson, Bruce W..

More important for Canada was obtaining secure and stable access to the vast and lucrative US market, without constantly having to fight American countervailing and anti-dumping duties—tariffs placed on Canadian imports deemed to be unfairly subsidized by Canada, or priced in some way as to present unfair competition to American industry (see ). Canada wanted agreement on what Canadian industrial subsidies would be free from countervailing duties. Canada also wanted US government procurement to be opened up to Canadian firms, and an effective and binding dispute-settlement mechanism that did not rest entirely on decisions made in the US.


Canada talks tough on trade as endgame on NAFTA …

Since the implementation of NAFTA, the North American economy has expanded, with the combined GDP for Canada, the U.S.

If you have questions or comments about this free trade agreement or the environmental and labour cooperation agreements, we would like to hear from you. Please contact Global Affairs Canada at the following address:


North American Free Trade Agreement - Financial Times

Subsequently, the US and Mexico announced their intention to pursue a trade and investment liberalization arrangement. Canada asked to be a party to the negotiations. As a result, the was signed and came into effect on 1 January 1994, creating a huge free trade zone of about 370 million people. It extended and superseded the Canada-US Agreement after which it was modeled.

Free Trade - The Canadian Encyclopedia

NAFTA is technically a free trade area, but with some of the attributes of a customs union—where member nations maintain the same duties and regulations regarding non-member third countries—and also some attributes of a common market—which allows for the free flow of factors of production (labour and capital) among the member nations. Examples of such attributes are the pressure for Canada and Mexico to conform to US tariff levels; the detailed rules of origin requiring high North American content for a wide range of consumer goods; the liberalization of services trade, including financial services and capital flows generally; and enhanced international freedom of movement for service and business persons and many professionals. The resource-sharing arrangements (particularly between Canada and the US) also suggest a common market in the making.

US, Canada and Mexico talks on NAFTA trade stall on ..

Traditionally, free trade negotiations have focused upon the elimination of tariffs and quantitative restrictions on merchandise trade. But for Canadians exporting to, or desiring to export to the US, tariffs were not the main concern. Even before the free trade agreement, 80 per cent of Canadian shipments entered tariff-free and less than 10 per cent of exports faced US tariffs in excess of 5 per cent. Many of these were clothing, textiles, footwear and some petrochemicals. (Some commodities continued to face such high tariffs that they were not sold to the US at all.)

Nafta talks: Trump open to a bilateral Canada-US trade deal

The North American Free Trade Agreement, NAFTA, is a much criticized and praised trilateral agreement signed by Mexico,Canada and the United States, in 1993. It came into force on 1 January 1994 and its goal was to eliminate trade barriers and promote economic exchanges between the three North American countries. NAFTA replaced the previously existing Canada-United States Free Trade agreement and meant the immediate elimination of tariffs on fifty per cent of exports from Mexico to the U.S. and from the U.S. to Mexico. Alongside NAFTA, Canada, Mexico and the U.S. also signed two supplementary treaties: the North American Agreement on Labor Cooperation (NAALC) and the North American Agreement on Environmental Cooperation (NAALC). Today covers an economy with a combined output of over US$17 trillion and more than 440 million people.