+ NAFTA: North American Free Trade Agreement William Breeman.

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Presentation transcript:

+ NAFTA: North American Free Trade Agreement William Breeman

+ What is NAFTA? NAFTA is between the US, Canada & Mexico Mainly Economic Signed in December 1992 In effect on January 1, Years Old

+ Members (Big Shocker Here) The United States of America (USA) The United Mexican States (Mexico) Canada

+ Purpose? Eliminate tariffs & barriers Promote fair & free trade Regional cooperation-Secretariat Trade disputes Protection: property & rights Settlements Increase investments

+ “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.)

+ Is NAFTA Good Or Bad?

+ NAFTA’s 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)

+

+ NAFTA’s 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

+

+ NAFTA’s 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

+ Works Cited “Home.” NAFTANOW.ORG. 11/25/ /21/ “Frequently Asked Questions.” NAFTA Secretariat. 6/9/ /21/ alena.org/en/view.aspx?x=283. alena.org/en/view.aspx?x=283 Reinert, Kenneth A., Roland-Holst, David W. “The Industrial Pollution Impacts of NAFTA.” November /22/ /pdfs/Reinert.pdf. /pdfs/Reinert.pdf “North American Free Trade Agreement (NAFTA).” USDA. 6/30/ /21/ “North American Free Trade Agreement (NAFTA).” Public Citizen /22/