PRESENTATION OUTLINE
NAFTA was created on January 1st, 1994 and the countries that make up of NAFTA are:
Canada
United States
Mexico
NAFTA eliminates trade barriers between Canada, the U.S., and Mexico.
Impact:
-All three states had a boost in GDP
-Canada's Agricultural Trade Boosted
-U.S. goods and services trade w/ Canada and Mexico increased from $337 billion in 1993 to $1.2 trillion in 2011
Biggest Issue: Getting goods from other countries causes the origional country to lose jobs because instead of the country making its own goods it just buys them for cheap from another bcountry.
NAFTA is a formal agreement between Canada, US, and Mexico seen by many institutions to ensure smooth trade.
It was created to help North America become more competitive in global marketing.
It has effectively boosted a North American economy has doubled in size.