The effects of the NAFTA treaty on the global economy
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What have been the effects of the NAFTA treaty on the global economy? Do you think the NAFTA treaty between the U.S., Canada, and Mexico was a good agreement for the United States? Elaborate.
This website gives an outline of the North American Free Trade Agreement (NAFTA):
http://www.ustr.gov/trade-agreements/free-trade-agreements/north-american-free-trade-agreement-nafta
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This solution explores the effects of the NAFTA treaty on the global economy.
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NAFTA is a trilateral free trade deal that came into force in January 1994, signed by Democratic President Bill Clinton. The central thrust of the agreement is to eliminate the vast majority of tariffs on products traded among the United States, Mexico, and Canada. The terms of the agreement called for these tariffs to be phased out gradually, and the final aspects of the deal weren't fully implemented until January 1, 2008.
It is difficult to quantify NAFTA's effects on the global economy very precisely, given the complexities involved in assigning direct causality between NAFTA's implementation and economic shifts. In May 2003, the Congressional Budget Office ...
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