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Alook at nafta

Some people argue that NAFTA is helping Canadians loose our identity. In a poll 28% of Canadians said they would move to the States if offered a higher paying job . Many Canadians are not happy with free trade because they think they only benefit large multinational companies. Canadians showed their displeasure with free trade by holding a giant protest at the summit of the Americas in Quebec City in April 2001. When NAFTA was started many jobs were lost because of the new rules. The auto industries manufacturing output shrank and the workforce declined by 400,000 jobs or 20 percent during the recession of the early 1990s . Free trade can be a burden when dealing with a much larger trading partner with different interests. The U.S.A has about ten times the population of Canada and it can be intimidating to deal with them so much and once they make a decision you may have no choice but to follow them. NAFTA has crippled the ability for the government to control business under its own jurisdiction. The Canadian government tried to pass a law restricting trading of a dangerous chemical but it went against the rules of NAFTA and the company sued the Canadian government for ten million in damages . This seems to indicate that people do not care much about leaving their homeland and culture for money so NAFTA is being blamed for the Brain drain of educated Canadians to the U.S.A. .
             It can be argued that The NAFTA pact has had a very positive impact on Canadians. This pact was created to benefit large corporations in Canada so they could compete with American companies. It was also created so large American companies could build subsidiaries plants in Canada to create jobs. Most transitional corporations are now opening and closing its doors solely on the basis of economic efficiency. Now that companies do not have to pay to import and export most products from Canada to the U.S.A. it is now more cost efficient to run a company in Canada .


Essays Related to Alook at nafta

1. NAFTA

ECONOMIC EFFECTS OF THE NAFTA Free trading The NAFTA has been in effect since January 1, 1994, approximately for 10 years now. ... NAFTA has crated economic problems for the U.S. NAFTA has done nothing that it was intended to do. ... NAFTA supporters predicted NAFTA would create 170,000 new jobs forth U.S. economy, by using a formula that said for every 13,000 new jobs for each 1 billion in trade surplus. ... The greatest jobs loss due to NAFTA has been manufacturing jobs. ...

  • Word Count: 274
  • Approx Pages: 1
  • Grade Level: High School

2. NAFTA

NAFTA NAFTA, better known as the North American Free Trade Agreement, was first introduced signed on January 1, 1994. ... With that being known, the positive aspects of NAFTA begin to flow in. ... Also, NAFTA was responsible for transferred 7,000 auto-assembly jobs from Canada to Mexico. ... Why am I for NAFTA you may ask? ... Statistics wise, NAFTA has had more positive aspects then negative, as far as the economy goes, NAFTA also came to a more positive side rather negative...

  • Word Count: 533
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3. Nafta

The Free Trade Area of the Americas (FTAA) is the expansion of the North American Free Trade Agreement (NAFTA) to every country in Central America, South America and the Caribbean, except Cuba. Negotiations began right after the completion of NAFTA in 1994 and are to be completed by 2005. ... NAFTA's objectives have now translated into the objectives of the FTAA. The FTAA how ever is not just an expansion of the NAFTA. ... The FTAA has received heavy criticism, primarily from Anti-Globalization activists who believe that not only should the FTAA be stopped but also the NAFTA repealed. ...

  • Word Count: 553
  • Approx Pages: 2
  • Grade Level: Undergraduate

4. NAFTA

NAFTA continues to gradually reduce tariffs on set dates and aims to eliminate all tariffs by the year 2004. Before NAFTA was established, investing in Mexico was a difficult process. ... The free trade that NAFTA has established has greatly benefited the U.S. economy. ... NAFTA has had the greatest effect on the agricultural sector. ... NAFTA reversed this trend. ...

  • Word Count: 1058
  • Approx Pages: 4
  • Has Bibliography
  • Grade Level: High School

5. Nafta

Then, for each of these sectors, think about the way in which these sectors have been influenced by globalization and NAFTA, and try to come to some conclusion for each whether the impact has been negative or positive. ... This chapter declares the establishment of a free-trade area between Canada, the United States and Mexico, describes the overall objectives of the North American Free Trade Agreement (the NAFTA or Agreement), sets out the relationship of the NAFTA to other international agreements, and confirms the extent of the obligations undertaken by Canada, the United States and Mexico ...

  • Word Count: 479
  • Approx Pages: 2
  • Grade Level: Undergraduate

6. NAFTA

This paper covers the effects of NAFTA on things such as employment, produce, and transportation, as well as many other things concerning NAFTA and whether or not it is beneficial. ... Ross Perot, one of the biggest opponents of NAFTA, is known for telling people that NAFTA would create "a giant sucking sound" as it sucked jobs and money out of the United States. ... (McMillion, 1999: 2) NAFTA creates a free trade area between these people. ... Through NAFTA, Mexico has become an investor-safe country. ... The graph below shows the increase in maquiladoras before NAFTA. ...

  • Word Count: 3581
  • Approx Pages: 14
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7. NAFTA

In January 1994, the United States, Mexico, and Canada implemented the North American Free Trade Agreement (NAFTA). ... NAFTA continues to gradually reduce tariffs on set dates and aims to eliminate all tariffs by the year 2004. Before NAFTA was established, investing in Mexico was a difficult process. ... It was created in 1947 and like NAFTA promotes international trade through the reduction of tariffs. ... Much like NAFTA, GATT proposes to increase trade through the reduction of tariffs. ...

  • Word Count: 3714
  • Approx Pages: 15
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8. NAFTA - Assessing Economic Impact

Generally however, NAFTA was not a trade diverting agreement. ... Mexico's export base shifted toward manufactured goods after NAFTA. ... Mexico's ties with the United States increased during the early years post-NAFTA. ... NAFTA at the time was Mexico's first treaty of that kind. ... As with any trade agreement, NAFTA caused a restructuring of the Mexican economy. ...

  • Word Count: 1593
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9. NAFTA

NAFTA - Canada's & Mexico's Viewpoints When the Canada/U.S. free trade agreement came into effect, the Mexican's were very impressed by the provision and opportunities that opened for both sides. ... On June 12, 1991, the trade ministers of Canada, the United States and Mexico met in Toronto to open negotiations for a North American Free Trade Agreement (NAFTA). ... The North American Free Trade Agreement (NAFTA) was set to be implied. ... NAFTA promises to have a major impact on the people in all three nations. ...

  • Word Count: 499
  • Approx Pages: 2
  • Grade Level: High School

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