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Essay / Research Paper Abstract
This 5-page paper details the free trade agreement of NAFTA, why the countries involved were interested in participating, and what the advantages and disadvantages were of the program. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTnaftaa.rtf
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Unformatted sample text from the term paper:
(WTO) was launched in 1955, a great number of nations and territories have jumped on the "free trade" bandwagon, willingly giving up autonomy to join a trade block. In
theory, joining a free trade organization such as NAFTA or the European Union gives a participating country or territory were trading power, as there tends to be more clout the
larger a particular trading bloc is. In this paper, we will examine the North American free trade agreement also known as
NAFTA and determine why the countries involved (the United States, Canada and Mexico) wanted to sign the treaty to get rid of borders, at least as pertains to trade.
Well also investigate what the perceived benefits were of NAFTA and what the reality is turning out to be. As with any treaty, there are benefits and costs, and well
examine both. When the concept of NAFTA first came about, there were many supporters and detractors on all three sides of the
border. In theory, breaking down the borders between Canada, Mexico and the United States and allowing the free flow of goods across these 3 nations would open markets and exports.
The fallacy of NAFTA however, is that it is not strictly a free trade agreement, but rather, is a managed trade
agreement (Anonymous, 1993). While NAFTA has reduced trade and investment barriers between its three members, there are also "snap back" provisions that permit a restructuring of tariffs in the case
of potential import surges (Anonymous, 1993). In addition, there has been a strengthening of the so-called "rules of origin" to ensure that third-party nations dont take advantage of the
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