NAFTA What is it good for?.

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Presentation transcript:

NAFTA What is it good for?

What is NAFTA? “The North American Free Trade Agreement (NAFTA) is a regional agreement between the Government of Canada, the Government of the United Mexican States and the Government of the United States of America to implement a free trade area.” NAFTA Secretariat website

NAFTA Objectives Eliminate trade barriers Promote fair competition Increase investment opportunities Protect intellectual property rights Effectively implement and enforce the agreement Work to enhance and expand the agreement (sect. 102, NAFTA)

Important Dates Signed in 1992 by member states Mexico signed December 1992 Went into effect on January 1, 1994 US Senate voted 61-38 on HR 3450 November 20, 1993 US House voted 234-200 Nov. 17, 1993 Final agricultural trade restrictions removed in 2008

Information, please? Internal review panel established to resolve trade disputes NAFTA Mexico secretariat information may be obtained at Mexico’s Ministry of the Economy Links 454 million people Total merchandise traded in 2010 over $944 billion

Why NAFTA? Promoters Policy makers Stats – 89% of Mexico’s exports go to US, 74% of imports come from US Carlos Salinas Ernesto Zedillo Raise living standards of Mexican citizens Improve US-Mexico relations

Winners and Losers Opponents – labor, environmentalists Investment agreement, not a trade agreement Wage rates What was that you were saying about globalization?

Your Thoughts?