NAFTA:%20North%20American%20Free%20Trade%20Agreement

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NAFTA North American Free Trade Agreement

• William Breeman

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What is NAFTA?

• NAFTA is between the US, Canada Mexico
• Mainly Economic
• Signed in December 1992
• In effect on January 1, 1994
• 18 Years Old

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Members (Big Shocker Here)

• The United States of America (USA)
• The United Mexican States (Mexico)
• Canada

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Purpose?

• Eliminate tariffs barriers
• Promote fair free trade
• Regional cooperation-Secretariat
• Trade disputes
• Protection property rights
• Settlements
• Increase investments

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Terms to Know

• Dumping selling goods in foreign markets at
  prices lower than those in the home market
• Antidumping (AD) a special tax is imposed on
  dumped goods to protect the domestic market
  industry
• Subsidy money granted by the government to
  assist an industry or business so it can remain
  competitive
• Countervailing Duty (CVD) imposed on imported
  goods to protect domestic industry by subsidized
  imports from other countries
• Injury caused by dumped or subsidized goods
  that damage the domestic market (decreased
  profit, lost sales, etc.)

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Is NAFTA Good Or Bad?
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NAFTAs Advantages

• No tariffs between member nations
• Minimal between Mexico Canada
• Mainly on agriculture (Eggs, Wheat, etc.)
• Profits for businesses increased
• Trade increased
• 2.6 billion in trade a day (2008)

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NAFTAs Disadvantages

• Hurts citizens in member nations
• Lowered wages, job loss, etc.
• Manufacturing Agriculture
• Increase in pollution
• Air, water, toxin, etc.
• Mainly in USA
• Increased poverty
• Mainly in Mexico

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NAFTAs Overall Impact

• Overall job increase
• 23 Increase 40 million workers (2008)
• Lower pay
• Increased trade between member countries
• Decrease in domestic markets
• Deindustrialization in US Canada
• Mexico Chiapas Rebellion
• Zapatistas upset farmers

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Works Cited

• Home. NAFTANOW.ORG. 11/25/2010. 3/21/2012.
  http//www.naftanow.org/default_en.asp.
• Frequently Asked Questions. NAFTA Secretariat.
  6/9/2010. 3/21/2012. http//www.nafta-sec-alena.or
  g/en/view.aspx?x283.
• Reinert, Kenneth A., Roland-Holst, David W. The
  Industrial Pollution Impacts of NAFTA. November
  2000. 3/22/2012. http//www.cec.org/programs_proje
  cts/trade_environ_econ/pdfs/Reinert.pdf.
• North American Free Trade Agreement (NAFTA).
  USDA. 6/30/2012. 3/21/2012. http//www.fas.usda.go
  v/itp/Policy/NAFTA/nafta.asp.
• North American Free Trade Agreement (NAFTA).
  Public Citizen. 2012. 3/22/2012.
  http//www.citizen.org/Page.aspx?pid531.