Nafta...niloy

Nafta...niloy

• 1.
  NORTH AMERICAN FREETRADE AGREEMENT (NAFTA) INTRODUCTION NAFTA is an agreement signed by the governments of the United states, Canada and Mexico creating a trilateral trade bloc in North America.  Members: Canada, Mexico & United States  Official languages: English, French and Spanish  Secretariats: Mexico city, Ottawa, Washington D.C.  Establishment: 1 January 1994  GDP of NAFTA alliance: USD 12 trillion  NAFTA supplements: NAAEC & NAALC BACK GROUND  In 1988 Canada & the United States signed the Canada-United states Free Trade Agreement  The American governmentthen entered into negotiations with the Mexican governmentfor a similar treaty  Canada asked to join the negotiations in order to preserveits perceived gains under the 1988 deal  The agreement NAFTA was signed by U.S. president - George H. W. Bush, Canadian prime minister - Brian Mulroney and Mexican president - Carlos Salinas  in San Antanio, Texas on December 17,1992. Members  Canada  Mexico  United States Headquarters.
• 2.
   Mexico City(Mexico), Ottawa (Canada), Washington D.C. (USA) Object  To eliminate trade barriers & facilitate the cross-border movements of goods and services between the parties  To promote conditions of fair competition  To substantially increase investment opportunities  To provideadequate and effective protection & enforcement of intellectual property rights in each territory  To establish a framework for further trilateral, regionaland multilateral co- operation to expand and enhance benefits of this agreement BENEFITS  Benefit’s the importers by reduced or duty free goods.  Can make the exporter more competitive then other non-participating countries  There has been great increase in trade among the three countries and market access within each country also increased considerably.  Mexico’s poverty rate decreased and real income increased, even after economic crisis 1994-1995  NAFTA had been beneficial to business owners and elites in all three countries CONCLUSION  The North American Free Trade Agreement (NAFTA) will not be fully implemented until 2008. However, it is evident that NAFTA has already proved its worth to the United States by playing an important and vital role in increasing consumer choice, improving market access for U.S. products, and expanding U.S. jobs supported by exports.