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Recommended: Benefits and costs of NAFTA

According to Council on Foreign Relations (2011), North American Free Trade Agreement (NAFTA) represents an explicit trilateral free trade agreement, which was implemented in January 1994, and was given a signatory by the Democratic President, Bill Clinton. The major focus was to remove the various trade tariffs that were imposed on all products within Canada, Mexico and United States (U.S). The agreement conditions required that the tariffs be eliminated gradually. However, the agreement final aspects were not implemented completely until January 1, 2008.

The agreement led to removal of export tariffs within the various industries; agriculture was the central focus, but tariffs have also been reduced in several goods such as textile products and the automobiles. Further, NAFTA had an implementation of protections that dealt with intellectual properties. It devised the mechanisms that would be of great significance in dispute-resolution, and formulated regional labor and related environmental security measures that were to be adopted. The latter attracts several reactions of diverse nature from critics of the move. The critics advocate for more and stronger measures on this sector.

NAFTA has great impact in bilateral economic correlation between Mexico and U.S (Villarreal, 2010). Both countries have other ties apart from trade, which include: a myriad of security matters, very diverse issues on environment, many dynamics in the migration patterns, and issues related to health. Various effects of NAFTA on Mexico, and the economic situations for Mexican, influence the political desires and economic patterns within U.S.

Villarreal (2010) argues that, in 1990, Mexico presented to U.S an idea of establishing Free Trade Agreement (F...

... middle of paper ...

...le economic and political environment at the same time.

Reference List

Congress Budget Office. (2003). The effects of NAFTA on U.S.-Mexican trade and

GDP.Retrieved from: http://www.cbo.gov/doc.cfm?index=4247&type=0&sequence=1

Council On Foreign Relations. (2011).NAFTA is Economic Impact. Retrieved from:

http://www.cfr.org/economics/naftas-economic-impact/p15790

Frittelli, J. (2010).North American Free Trade Agreement (NAFTA) Implementation: the

future of commercial trucking across the Mexican border.

Rosson, C, &Angel, A. (1992). The U.S.-Mexico Free trade Agreement: The Mexican

Perspective. Southern Journal Of Agricultural Economics. Retrieved from: http://ageconsearch.umn.edu/bitstream/30365/1/24010055.pdf

Villarreal, M. (2010).NAFTA And The Mexican Economy. Congressional Research Services.

Retrieved from: http://www.fas.org/sgp/crs/row/RL34733.pdf

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