North American Free Trade Agreement.  NAFTA was established on December 17,1992  It was signed by Brian Mulroney (Canada), Carlos Salinas de Gortari.

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Presentation transcript:

North American Free Trade Agreement

 NAFTA was established on December 17,1992  It was signed by Brian Mulroney (Canada), Carlos Salinas de Gortari (Mexico),and George Bush (USA).  Designed to create greater co-operation between Canada, Mexico and the United States  Created the largest free trade area in the world

 Maintained the tariff elimination schedule established for bilateral trade between the USA, Canada and Mexico  Set out rules such as investment, services, intellectual property, government procurement and competition policy  In order to produce of export NAFTA products, you must first gain a NAFTA certificate of origin

 NAFTA reduces the duties you pay for goods within the NAFTA territory  It is a preferential trade agreement, not a free trade  It negatively affects petroleum products, auto products, and telecommunications industries  It benefits food products, textiles, chemicals, and machinery industries

 NAFTA allowed Canadians to take the soft lumber dispute with the United States to court  Clinton administration negotiated a side agreement on environment with Canada and Mexico, the North American Agreement on Environmental Cooperation (NAAEC), which led to the creation of the Commission for Environmental Cooperation (CEC) in 1994Commission for Environmental Cooperation

 If a product does not qualify for NAFTA, it can still be shipped to Canada or Mexico. It would not receive NAFTA benefits  No party may increase any existing customs duty, or adopt any customs duty, on an originating good.  a/ a/