NAFTA

By: Rebekah SnowdenPeriod 3

They wanted to:

Eliminate barriers to trade

Promote fair competition

Increase investment opportunities

Create resolutions for trade disputes

WHY IT WAS STARTED

Ratified in 1993

House:234-200, November

17

Senate:60-38, November 20

Signed into law by Clinton

December 8, 1993

HOW IT STARTED

Reduced trading costs

Increased business

investments

Helped North America be

competitive

Tariffs were eliminated

Trade tripled

$297 billion to $1 trillion

WHAT IT DID

PROS 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

CONS

Workers being exploited & harmed.

Environment in other countries is defiled

Corporate profits soar

Individual wages stay same

MORE CONS

Canada $339.5 billion

Mexico $215.9 billion

Largest & third largest suppliers

U.S. imports totaled $555.4 billion

IMPORTS

Canada $261.2 billion

Mexico $151.2 billion

Top two purchasers

U.S. exports totaled $412.4 billion

EXPORTS

Canadian employment levels have also shown steady gains.

Canada gained the most from NAFTA

Canada exports totaled $381.3 Billion Dollars

IMPACTS