UNIVERSITY OF MUMBAI

PROJECT REPORT ON

ECONOMIC BENEFITS OF NAFTA

(ECONOMICS OF GLOBAL TRADE AND FINACNE)

MASTERS OF COMMERCE

(BUSINESS MANAGEMENT)

SEMESTER 1

2014-15

SUBMITTED BY

MR. SALMAN MAKDA

ROLL NO.:11

PROJECT GUIDE

Ms. MRUNALINI RAVALEKAR

K.P.B HINDUJA COLLEGE OF COMMERCE

315, NEW CHARNI ROAD, MUMBAI-400 004

M.COM (BUSINESS MANAGEMENT)

1stSEMESTER

ECONOMIC BENEFITS OF NAFTA

SUBMITTED BY

MR. SALMAN MAKDA

ROLL NO: 11

CERTIFICATE

This is to certify that Mr. Salman Makda of M.Com Business Management

Semester- 1 [2014-2015] has successfully completed the Project on “ECONOMIC

BENEFITS OF NAFTA” under the guidance of Ms. Mrunalini Ravalekar.

Project Guide ________________

Course Coordinator ________________

Internal Examiner ________________

External Examiner ________________

Principal ________________

Date: ______

Place: Mumbai.

DECLARATION

I, Mr. Salman Makda student of M.Com – Business Management, semester- 1

(2014-2015), hereby declare that I have completed the project on “ECONOMIC

BENEFITS OF NAFTA”

The information submitted is true and original copy to the best of my

knowledge.

SALMAN MAKDA

ACKNOWLEDGEMENT

I owe my special thanks to the Principle Dr. Chitra Natrajan and the Co-

coordinator of M.com Dr. (Ms) Minu Madlani for giving me an opportunity for

this project work. I would like to give my thanks to the Project Guide Ms.

Mrunalini Ravalekar for her guidance and kind assessment that she has provided

me and the inspiration in valued guidance and ideas throughout the project. I am

also thankful to the library staff of K. P. B. Hinduja College Of Commerce who

co-operated with me and even all those seen and unseen hands and heads which

helped me in he completion of this project.

INDEX

CHAPTER NO. TOPICS PAGE NO.

TITLE PAGE

CERTIFICATE

DECLARATION

ACKNOWLEDGEMENT

EXECUTIVE SUMMARY

1 INTRODUCTION 1

1.1 OBJECTIVES OF THEY STUDY 1

1.2 METHODS OF RESEARCH 1

1.3 SCOPE OF THE STUDY 2

1.4 LIMITATIONS 2

2 CONCEPTUAL FRAMEWORK 3

3 ANALYSIS 13

4 ACHIEVEMENTS AND PROSPECTS OF NAFTA 24

CONCLUSION 28

BIBLIOGRAPHY 29

EXECUTIVE SUMMARY

The main objective of NAFTA is to remove all trade barriers between the

governments of the United States, Canada and Mexico create a trilateral trade

bloc in North America.

NAFTA is developed with a view to enhance business and trade relations between these three

countries and promote conditions for fair competition and increase in investment opportunities.

The aims of this project is to analyze NAFTA fully from the time of its formation to the present

time and increase cooperation between these three countries for improving working conditions

in North America, create an expanded and safe market for goods and services produced by

establishing clear and mutually advantageous trade rules. Thus NAFTA has created the world’s

largest free trade area by eliminating tariffs and agreements on international rights for business

investors, increasing trade and capital and spurring growth in business.

The present President of the United States opposes many current trade agreements, which he

says are bad for the economy because they provide perks for businesses, but does not protect

workers and hence he would like to amend NAFTA to beef up protection for labor and the

environment.