The Pros and Cons of NAFTA Essay -- The North American Free Trade Ag

IntroductionThe North American Free Trade Agreement, commonly cognise as the NAFTA, is a good deal agreement between the United States, Canada and Mexico launched to enable North America to become more competitive in the global securities industry (Amadeo, 2011). The NAFTA is regarded as one of the most successful take agreements in history for its shock absorber on increases in agricultural trade and investment among the three detection nations (North American Free Trade Agreement, 2011). Supporters and opponents of the NAFTA have argued the effects of the agreement on participating nations since its inception yet, close examination proves that NAFTA has had a relatively positive impact on the economies of the United States, Canada, and Mexico. Although the NAFTA is not without problems, the trade agreement has leveled the playing field for the three participating nations and increased cross-border trade, positively contributing to globalization. The success or visitation of the NAFTA impacts level of employment, the economy, and the environment of the three contracting nations. With the implementation of trade agreements such as the NAFTA, the world has become more interconnected, and citizens must be aware of the affects such trade agreements have on their living standards and job security. Features of the NAFTAThe NAFTA was implemented on January 1, 1994 to remove tariff trade barriers between the United States, Canada, and Mexico by providing duty-free trade in multiple classes of goods (Barufaldi, 2008). The NAFTA creates a free trade area where all barriers to trade between member countries are removed. Many of the tariffs affecting agricultural trade among the participating nations were eliminated at the inception of the agreeme... ...ttp//www.ustr.gov/sites/default/files/NAFTA-Myth-versus-Fact.pdfNorth American Free Trade Agreement (NAFTA). (n.d.). USDA Foreign Agricultural Service(FAS). Retrieved September 15, 2011, fromhttp//www.fas.usda.gov /itp/ polity/nafta/nafta.aspNorth American Free Trade Agreement (NAFTA). (n.d.). Public Citizen. Retrieved September16, 2011, from http//www.citizen.org/Page.aspx?pid=531 Teslik, L. H. (2009, July 7). NAFTAs Economic Impact. Council on Foreign Relations.Retrieved September 13, 2011, from www.cfr.org/economics/naftas-economic-impact/p15790 USTR- North American Free Trade Agreement (NAFTA) Office of the United States TradeRepresentative. (n.d.). (2011). Office of the United States Trade Representative. Retrieved September 16, 2011, from http//www.ustr.gov/trade-agreements/free-trade-agreements/north-american-free-trade-agreement-nafta