Objectives of NAFTA

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Objectives of NAFTA

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Introduction

• NAFTA refers to North American Free Trade
  Agreement.
• It was signed between US, Canada and Mexico.
• Was to foster trading activities among the
  nations that are party to it.

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The main objectives of NAFTA

• Establishment of a free trade area as stipulated
  by the agreement.
• Goods and services are able to move into the
  markets of the partners without limitations.
• Prices of the goods and services are also to be
  determined by the supply and demand in the
  markets.
• This is the kind of environment that NAFTA aims
  to create for the nations that are party to the
  agreement.

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Promotion of Conditions for Fair Competition

• Fair competition is created in the free trade
  area.
• Businesses across the region have been empowered
  to produce high quality products.
• This is for the market in the region as well as
  across its borders.
• Businesses gain unrestricted access to materials,
  investment capital and technologies.
• This help them deliver competitive products to
  the global trading platform.

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Adequate and Effective Protection

• It provides effective protection and enforcement
  of intellectual property rights.
• This is in the territories of the signatories to
  the agreement.
• It has got measures aimed at solving disputes
  that may arise as a result of ownership of
  intellectual property rights.
• Investors and creators of various projects are
  able to enjoy the benefits of their work.

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Other Objectives

• Enhance investment opportunities in the
  countries.
• NAFTA ensures that businesses in the region have
  access to investment capital, technologies and
  materials.
• Creating effective procedures for ensuring that
  this agreement is implemented and applied
  effectively.
• Establishment of a framework that can enhance
  further trilateral, multilateral or regional
  cooperation.
• This is for the expansion and enhancement of the
  benefits of this agreement.

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