North America Free Trade Agreement
DO YOU KNOW WHAT NAFTA IS?
Discuss the goals of ways that the North American Free Trade Agreement (NAFTA) serves its members
NAFTA protects copyright, patents and trademarks between the three countries. It was updated with the North American Agreement on Environmental Cooperation, which helped reduce pollution and set more environmental regulations.
Since NAFTA took away taxes between products traded between the US, Canada and Mexico, Mexico has been buying more products from the US.
Some say NAFTA has been positive for Mexico, which has seen poverty rates fall and real income rise, while others argue that NAFTA has had negative impacts on farmers in Mexico who saw foodprices fall based on cheap imports from the US.
- Foreign direct investment
direct investment into production in one country by a company in another country, either by buying a company in the target country or by expanding operations of an existing business in that country. ( I give credit to this website called the North American free trade agreement.com)