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Is NAFTA Good or Bad?

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Title: Is NAFTA Good or Bad?
Author: Koo, Won W.
Description: NAFTA, the North American Free Trade Agreement, signed in 1992. This is a trade agreement between the US, Mexico and Canada. The intention was to increase trade among the three nations. Each nation had it's forte. The US has technology, value-added goods, fabricated goods, machinery and transportation products. Mexico had cheap labor. Canada had raw materials. The US and Canada were more on a level playing field. This increased competition between these two. Due to cheap labor in Mexico, the immediate effect to the US would be lost jobs with the hope of increasing industry in the long run creating jobs. NAFTA focused upon the gradual elimination of tariffs between these three nations. To offset Mexico's advantage in cheap labor and focus upon agriculture, it was suggested that the US could increase exportation of coarse grains such as feed grains, corn and soybeans. The US could export sorghum and meat to Mexico, also.
Date: 1994
Subject: Trade
Permalink: http://hdl.handle.net/10365/9624

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