nafta: north american free trade agreement
DESCRIPTION
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, 1994 18 Years Old. Members (Big Shocker Here). The United States of America (USA) - PowerPoint PPT PresentationTRANSCRIPT
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NAFTA: North American Free Trade
AgreementWilliam Breeman
+What is NAFTA?NAFTA is between the US, Canada & Mexico
Mainly EconomicSigned in December 1992In effect on January 1, 199418 Years Old
+Members (Big Shocker Here)The United States of America (USA)
The United Mexican States (Mexico)
Canada
+Purpose?Eliminate tariffs & barriersPromote fair & free tradeRegional cooperation-Secretariat
Trade disputesProtection: 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)
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+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
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+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. 11/25/2010. 3/21/2012.
http://www.naftanow.org/default_en.asp.
“Frequently Asked Questions.” NAFTA Secretariat. 6/9/2010. 3/21/2012. http://www.nafta-sec-alena.org/en/view.aspx?x=283.
Reinert, Kenneth A., Roland-Holst, David W. “The Industrial Pollution Impacts of NAFTA.” November 2000. 3/22/2012. http://www.cec.org/programs_projects/trade_environ_econ/pdfs/Reinert.pdf.
“North American Free Trade Agreement (NAFTA).” USDA. 6/30/2012. 3/21/2012. http://www.fas.usda.gov/itp/Policy/NAFTA/nafta.asp.
“North American Free Trade Agreement (NAFTA).” Public Citizen. 2012. 3/22/2012. http://www.citizen.org/Page.aspx?pid=531.