NAFTA

North America Free Trade Agreement

DO YOU KNOW WHAT NAFTA IS?

What is nafta? What does nafta do? What are the benefits of nafta?



LEARNING OBJECTIVE

  • Discuss the goals of ways that the North American Free Trade Agreement (NAFTA) serves its members



KEY POINTS

  • 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.


TERMS

  • 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)