Advantages And Disadvantages Of Nafta In Canada

-NAFTA has delivered substantial economic growth for Canada.
With trading through U.S and Mexico, Canada has been greatly growing the economy. Companies in Canada can import products which are cheaper and more reasonable to sell to Canadian consumers, so that they are able to make more money than they manufacture the products themselves. Moreover, NAFTA has created jobs. When people think about NAFTA has created a lot of jobs in variety industries, they always think that only people who are living in the country will get benefits of that. Nevertheless, it is not. Also, companies have a benefits of creating jobs by NAFTA because creating jobs means that a company has more opportunities to manufacture products by increased employees and

people who hired by a company will spend their more money, then manufactured products will be sold by the people. With the positive cycle, economy of Canada has been growing consistently. (Kimberly, 2015)

-NAFTA Reduces Tariffs.
A tariff is the tax placed by the national government on an exported or imported service or good to discourage or encourage trade. The reduced trade restrictions introduced by NAFTA enabled the Canadians easy purchasing of Mexican and American goods. Eliminating the tariffs was a significant point on NAFTA and the Free Trade was focused on reducing tariffs. The cost of exporting and importing is onerous to pay, especially for small businesses. Moreover, due to the NAFTA, companies which did not have any opportunities to export and import had a chance to do those and it became much easier to do, and also cheaper. (Amy, 2012)

Disadvantages of NAFTA on Canada
-becoming dependent.

Canada becomes dependent on United States as Canada's source of economy. The United States is Canada's largest trading partner; this is a concern because close relationship between the economy trades of two countries resembles a double edged sword. Although Canada's economy will become more powerful when United State's economy becomes powerful, there is always a chance of the opposite results occurring. (Kimberly, 2015)

-Losing Canada’s own culture and environment.
NAFTA has also increased the traffic movement between borders. The pollution from caused from traffic, contributes to the rising temperatures of global warming. In addition, Canadians are getting disrupted such as by traffic jam. In terms of losing Canada’s own culture, Canada has imported a lot of products and a lot of companies moved to Canada. The Canada has been facing to big countries which are US and Mexico for a long time. Now Canada is losing own culture such as low and policy in a company which from another country among U.S or Mexico. Moreover, for years and years now, Canada has been trading other countries with their advantage of many natural resources. Now that NAFTA came into effects, USA also has the advantages with Canada's natural resources. This will cause more clear-cutting and natural areas to be destroyed. (Kimberly,

2015)

-Becoming more competition
Trading with U.S and Mexico causes more competition in Canadian industries and companies. By this, people can buy cheaper products. On the other hand, a company which is competing against other companies could get disadvantages on prices. Moreover, becoming harder competition in Canadian industries is bad for Canadian companies. (Amy, 2012)