In January 1994, the United States, Mexico, and Canada implemented the North American Free Trade Agreement (NAFTA). ... The free trade established by MERCOSUR also involves countries within South America. ... Before MERCOSUR there was ALALC, the Latin American Free Trade Association. ... After ALAC, came ALADI, the Latin American Integration Association. ... The main point of MERCOSUR is to set up free trade among South American countries and to encourage new countries to join (americasnet.com). ...

• Word Count: 3714
• Approx Pages: 15
• Grade Level: Undergraduate

NAFTA is centered around achieving an enhanced and secure access to the American Market in order to improve trade. ... Chile was brought into this free trade agreement because of it's incredible economic record as the leader of a market based reform in Latin America over the past decade. Bringing Chile into NAFTA would be part of the integration of South America into the North American economic policies. ... Our success though is somewhat due to the close ties that Canada has developed with the American market. ... Free Trade has bounded both the Canadian and American market tightly. ...

• Word Count: 3743
• Approx Pages: 15
• Has Bibliography

Jack Morgan, a spokesman for the Arlington, VA based American Apparel Manufacturers Association (AAMA) says, "We've conditioned consumers in the US market to expect value, quality and low, low prices. ... It is suffering from surge of Asian and Central American imports. ... With NAFTA (North American Free Trade Agreement) in effect, US manufacturers, in hoards, have shifted their sewing plants to Mexico, Honduras, Guatemala etc. ...

• Word Count: 6737
• Approx Pages: 27
• Grade Level: High School

Introduction Goods and services have been traded internationally for centuries. Historically, this trade has been controlled by governments, either through force or through import and export taxes (tariffs), subsidies and other regulations. But, whatever the method of intervention, the aim has always been to maintain favourable terms of trade for the country exercising these measures. The support by government of national interests, through tariff and non-tariff measures, is known as "protectionism". The removal of such trade barriers, combined with improvements in international communicati...

• Word Count: 3038
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate