North American Free Trade Agreement (NAFTA ) By Chelsea Anglin North American Free Trade Agreement (NAFTA )

Definition and Purpose What Is NAFTA? A free trade agreement that was designed to increase economic growth boost exports and create jobs for all countries involved Achieves this by lowering tariffs for trading amongst the countries in the trade agreement. This template is free to use under Creative Commons Attribution license. If you use the graphic assets (photos, icons and typographies) provided with this presentation you must keep the Credits slide.

The Countries Involved Canada

The Countries Involved United States

The Countries Involved Mexico

Important Documents Involved 1987- US and Mexico enter Framework of Principles and Procedures for Consultation Regarding Trade and Investment Relations document that standardized commercial relations between both countries 1989- The Understanding Regarding Trade and Investment Facilitation Talks expanded on the trade details discussed in the Framework of Principles. 1990- Presidents of both countries issue a joint statement in support of negotiating a free trade agreement . 1989- US and Canada sign Canada-US Free Trade Agreement (CUFTA) Historic agreement because first of its kind. Liberalized trade between both countries. Included the elimination of tariffs and reduction of many non-tariff barriers. First trade agreements to address trade in services. 1994- NAFTA Was Signed

Age of Organization...Any Changes? NAFTA was initiated on January 1st, 1994. Has been in existence for 21 years. *Been in planning since 1990 While there have been many proposals from critics of all countries to reform NAFTA, nothing has changed in the structure of the agreement.

Timeline of Events June 10, 1990 December 17, 1992 January 1, 1994 Canada, US and Mexico agree to pursue a free-trade agreement NAFTA is signed by Canadian, Mexican and American leaders NAFTA enters into force NAFTA negotiations begin additional side agreements on labor and environmental regulations are issued. February 5, 1991 August 1993

Leadership of NAFTA NAFTA Secretariat Free Trade Commission Made up of a “national section” from each member country. Responsible for administering dispute settlement provisions regarding agreement. Maintains a court-like registry relating to panel, committee, and tribunal proceedings. *Tri-National Website with up to date information Free Trade Commission Made up of representatives from the NAFTA partners. Supervises the implementation of the Agreement. Resolves disputes arising from its interpretation. Oversees the work of the committees and other groups NAFTA Coordinators senior trade department officials designated by each country. Responsible for the day-to-day management of NAFTA implementation.

Advantages and Disadvantages of Membership Advantages Disadvantages decreased tariffs real wage increases increased trade between all three countries. created jobs increased industrial trade between US and Mexico loss of jobs in US Less benefits for Mexican workers More competition. Mexican Farmers V. Agra-Business Reduced tariffs but not regulations *Canada has mostly benefited from NAFTA

International Impact of NAFTA Canada- One in five jobs in Canada is in part linked to international trade, and NAFTA is an important competitive advantage for Canada. Canada uses this continental platform as a way to help Canadian business embrace commercial opportunities around the world. The United States: The largest and most diversified economy in the world, the United States is a market economy whose businesses are world leaders in the manufacturing and high-tech sectors, especially computers, medical equipment, and aerospace, and in services, including financial services and telecommunications, and in agriculture. Mexico: Trade liberalization has transformed and modernized Mexico’s vibrant economy by successfully boosting trade and investment flows. Within just a few years, Mexico’s exports have diversified from primarily oil to include an array of manufactured products, making Mexico one of the largest exporters in the world.

In Conclusion NAFTA has had (and will continue to have) a large impact on North American relations regarding economic and political growth.

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Works Cited "GLOBALIZATION: Free Trade & Fair Trade, Jobs & Justice." Morningside Center for Teaching Social Responsibility. N.p., n.d. Web. 23 Mar. 2015. <http://morningsidecenter.org/teachable-moment/lessons/globalization-free-trade-fair-trade-jobs-justice#3>. NAFTA Poster. N.d. Web. 23 Mar. 2015. <http://media.portland.indymedia.org/images/2008/02/372849.jpg>. NAFTA_embed. N.d. Web. 23 Mar. 2015. <http://djilp.org/wp-content/uploads/2014/01/NAFTA_embed.png>.

Works Cited (cont’d) "North American Free Trade Agreement." North American Free Trade Agreement. N.p., n.d. Web. 22 Mar. 2015. "Pros And Cons Of NAFTA." Investopedia. N.p., 16 Dec. 2012. Web. 20 Mar. 2015. "Reforming North American Trade Policy: Lessons from NAFTA." Reforming North American Trade Policy: Lessons from NAFTA. N.p., n.d. Web. 23 Mar. 2015. "Summary of Multilateral Agreements Between Canada, Mexico and the United States." North American Free Trade Agreement. N.p., n.d. Web. 23 Mar. 2015. Usmexicoandcanada. N.d. Web. 23 Mar. 2015. <http://immigrationcanada.pro/wp-content/uploads/2013/09/usmexicocanada.jpg>.

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