 They wanted to:  Eliminate barriers to trade  Promote fair competition  Increase investment opportunities  Create resolutions for trade disputes.

Slides:

Advertisements

Similar presentations

Pros and Cons of Free Trade 1. Free Trade increases sales and profits for US businesses .

Advertisements

NAFTA: North American Free Trade Agreement. What is NAFTA?  NAFTA: North American Free Trade Agreement.  Became law on January 1,  Broke down.

Think of a time when a sense of competition made you perform better. Write 3-4 sentences about it.

Canada and Foreign Trade Unit 5 Lesson 26. Terms Imports Exports Trade Surplus Trade Deficit Net Exports Net Imports Import Substitution Tariff Protectionism.

2014 NACo Annual Conference U.S. T R A D E R E P R E S E N T A T I V E E X E C U T I V E O F F I C E O F T H E P R E S I D E N T 1.

Free Trade Agreements: Benefits and Consequences

North American Free Trade Agreement North American Free Trade Agreement ( NAFTA ) I.Scope §NAFTA Population:387 million §15 Nation EU Population:373.

NAFTA (North American Free Trade Agreement)

+ NAFTA: North American Free Trade Agreement William Breeman.

North American Free Trade Agreement MEG AND ALICIA.

NAFTA North American Free Trade Agreement.

International Trade.  Exists because countries need to trade with one another.  Continues to expand Because of the reduction in trade restrictions 

Warm up 10 1.How does the movement of people, things and ideas affect you? 2.What do you think globalization means? 3.What does GDP measure? 4.What is.

1.9 Globalization Chapter 9. What is Globalization? The growing trend towards world-wide markets in products, capital and labor, and unrestricted by barriers.

NAFTA By Brian Tedrow. What It Was About NAFTA means North American Free Trade Agreement. Implementation started on January 1 st, It removed most.

NAFTA Shannon Patterson March 25, 2010 Period: 7.

NAFTA By Bianca Conway and Andy Heckman. What is NAFTA?  NAFTA is the North American Free Trade Agreement  On Dec. 17, 1992, President Bush, Mexican.

International Trade: Key Terms Define the following: International Trade- Goods- Import- Export- Tariff- N.A.F.T.A.- G.A.T.T.-

What is NAFTA? NAFTA is short for the North American Free Trade Agreement. NAFTA covers Canada, the U.S. and Mexico making it the world’s largest free.

Chapter 6: The United States in the Global Economy

International Trade Agreements Economics 11 Stewart.

Are free trade agreements harmful to the U.S economy?

1 Chapter 21 International Trade and Finance ©2004 Thomson/South-Western Key Concepts Key Concepts Summary Summary Practice Quiz.

FA32 GLOBAL TRADE AND REGULATIONS. GLOBALIZATION The flow of goods, services, money, labor, technology across international borders.

The Economy and Culture Globalization. Economic Policies ProtectionismFree trade Goal: to protect national production from outside competition. Some measures:

PRINCIPLES OF MACROECONOMICS LECTURE 11 ECONOMICS OF PROTECTIONISM.

NAFTA N orth A merica F ree T rade A greement. Tariff/Duty: A tax on imports and exports.

Fashion and Economics.

North American Free Trade Agreement

Globalization Expanding Globalization. WHAT DO YOU BELIEVE IS MEANT BY EXPANDING GLOBALIZATION? WHAT CAN BE A FACTOR TO EXPANDING GLOBALIZATION?

NAFTA What is it good for?.

It’s impacts.  The North American Free Trade Agreement or NAFTA is an agreement signed by the governments of Canada, Mexico, and the United States, creating.

North American Free Trade Agreement. NAFTA stands for “North American Free Trade Agreement”. It is an agreement between the countries of North America:

North American Free Trade Agreement.  NAFTA was established on December 17,1992  It was signed by Brian Mulroney (Canada), Carlos Salinas de Gortari.

Ashley Haskell INTB  Population Million ◦ 4% living under poverty level  Per Capita Income- $15,782  GDP growth rate- 3.9%  Inflation.

Economics. What is Economics? Economics is the study of the production, distribution, and use of goods and services. There are 3 basic questions that.

N.A.F.T.A North American Free Trade Agreement. The Agreement: North American Free Trade Agreement (NAFTA) established a free-trade zone in North America;

Trouble in Juarez BY Chris Maleki Jason Swope.  NAFTA, the North American Free Trade Agreement, was signed by the United States, Canada, and Mexico.

International Trade Chapter 17.

North American Free Trade Agreement

North American Free Trade Agreement

North American Free Trade Agreement

NAFTA: North American Free Trade Agreement

Chapter 28 International Trade and Finance

North American Free Trade Agreement

Warm-up: Monday Describe the message of this political cartoon.

North American Free Trade Agreement

Economic System of Canada

US Policy Domestic: internal issues – laws, government planning and actions Economic: money issues Foreign: dealing with other nations.

Global Trade and Regulations

The External Marketing Environment

North American Free Trade Agreement

Economic System of Canada

North American Free Trade Agreement

International Trade Ch. 16

North American Free Trade Agreement

North American Free Trade Agreement

North American Free Trade Agreement

The World adjusts to a new economic order

International economics

North American Free Trade Agreement

Economic System of Canada

Global Trade and Regulations

NAFTA Explain the functions of the North American Free Trade Agreement (NAFTA). NAFTA is the North American Free Trade Agreement between the U .S., Canada.

North American Free Trade Agreement

An Interdependent World

Global Trade and Regulations

North American Free Trade Agreement

About NAFTA Governments often try to establish free trade, or the

Presentation transcript:

 They wanted to:  Eliminate barriers to trade  Promote fair competition  Increase investment opportunities  Create resolutions for trade disputes

 Ratified in 1993  House: , November 17  Senate:60-38, November 20  Signed into law by Clinton  December 8, 1993

 Reduced trading costs  Increased business investments  Helped North America be competitive  Tariffs were eliminated  Trade tripled  $297 billion to $1 trillion

 Creates middle-class jobs  Less expensive material  Lower cost to make goods  Increases sales & profits  Helps poorer countries.

 more U.S. jobs lost  higher-wage jobs lost  Many agreements are bad for U.S. ◦ Ex) 700,000- 6,000  rising income inequality

 Workers being exploited & harmed.  Environment in other countries is defiled  Corporate profits soar  Individual wages stay same

 Canada $339.5 billion  Mexico $215.9 billion  Largest & third largest suppliers  U.S. imports totaled $555.4 billion

 Canada $261.2 billion  Mexico $151.2 billion  Top two purchasers  U.S. exports totaled $412.4 billion

 Canadian employment levels have also shown steady gains.  Canada gained the most from NAFTA  Canada exports totaled $381.3 Billion Dollars