Explore BrainMass

Explore BrainMass

    Analysis of North American Free Trade Agreement

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    I am having trouble finding factual information as to the pro's and con's. The information that i have found seems to be more of a personal opinion and not factual data.

    © BrainMass Inc. brainmass.com June 3, 2020, 8:11 pm ad1c9bdddf
    https://brainmass.com/economics/barriers-to-growth/analysis-north-american-free-trade-agreement-127164

    Solution Preview

    NAFTA is a comprehensive agreement between US, Mexico and Canada to liberalize trade in goods and services, remove barriers to investment, strengthen the protection of intellectual property rights; and establish a framework for further trilateral cooperation. The benefits of NAFTA are:

    1) The member countries of the North American Free Trade Agreement (NAFTA) form the world's largest trading bloc, with a gross domestic product (GDP) of US$11.4 trillion, or one third of the world's total GDP. (Wikipedia) Thus it has led to the greater economic growth and access to wider markets.

    2) Elimination of tariff
    The achievement of the NAFTA is the permanent elimination of all tariffs among the three ...

    Solution Summary

    This discusses the analysis of North American Free Trade Agreement.

    $2.19

    ADVERTISEMENT