Nafta - North American Free Trade Agreement - Impact On The U.S., Canada And Mexico

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The North American Free Trade Agreement (NAFTA) is one of the most influential and extensive treaties in the world and is the expansion of the legacy Canada-US Free Trade Agreement of 1988 (Private Rights, 2001, Mayer, 1998).  The agreement governs the whole spectrum of North American trade and it history extends from hemispheric cooperation on the largest scale ever seen (Private Rights, 2001).  NATFA is a treaty between Canada, Mexico and the United States and was intended to cultivate greater trade between these three countries (Private Rights, 2001).  NAFTA was put into effect in January of 1994 and has since been updated to include two significant additions, the North American Agreement for Environmental Cooperation (NAAEC) and the North American Agreement for Labor Cooperation (NAALC) (NAAEC, n.d., NAALC, n.d.).  The NAAEC was an addition in response to environmentalist concerns that the United States would begin to lower its environmental standards if all three countries did not come to an agreement related to environmental regulation (NAAEC, n.d.).  The NAALC augments NAFTA and attempts to create the groundwork for cooperation between the three countries for the resolution of labor issues and to promote increased cooperation between trade unions and social organizations working for improved labor conditions (NAALC, n.d.).  Most recently the integration of the Security and Prosperity Partnership of North America has worked to encourage cooperation related to issues of national security (Security and Prosperity, n.d.).  One of the most significant aspects of NAFTA is its elimination of tariffs on goods shipped between Canada, Mexico and the United States (Private Right ...
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