• The idea of a trade agreement actually goes back to the administration of Ronald Reagan. During his tenure as president, Reagan made an election campaign promise to open up trade in North America by signing the Trade and Tariff Act in 1984, which gave the president more negotiations on trade deals without problems. Four years later, Reagan and the Canadian Prime Minister signed the Canada-Americans. Free trade agreement. The combined trilateral trade agreement of $1,000 billion has increased by 258.5% in nominal terms since 1993. Jorge Castaeda, who served under the government of Vicente Fox Quesada as Mexico`s foreign minister, argued in December 2013 in a Foreign Affairs article that nafta was giving “support to life” to the Institutional Revolutionary Party (PRI), in power since 1929. Fox, a member of the National Action Party, broke the PRI series when he became president in 2000. It is probably certain to give NAFTA at least some of the credit for doubling real trade among its signatories. Unfortunately, the simple impact assessments of the agreement stop. For optimists in Mexico, nafta 1994 seemed to be full of promise. The agreement was indeed a 1988 Canada-U.S. extension.

    Free trade agreements, and it is the first that has linked an emerging market economy to development. The country has undergone difficult reforms and has begun a transition from the type of one-party economic policy to market orthodoxy. Proponents of NAFTA argued that the economy`s attachment to that of its wealthier northern neighbours would lock these reforms in and stimulate economic growth, ultimately leading to a convergence of living standards between the three economies. However, it is difficult to say whether NAFTA is directly responsible for this decline. The automotive industry is generally considered to be one of the most affected by the agreement. However, although the U.S. auto market was immediately open to Mexican competition, employment in this sector increased for years after nafta was launched, peaking at nearly 1.3 million in October 2000. That`s when jobs started to soar and losses became steeper with the financial crisis. At its lowest in June 2009, the U.S. auto industry employed only 623,000 people. Although this figure has risen to 948,000, it remains 27% below its pre-NAFTA level. It is difficult to find a direct link between NAFTA and overall employment trends.

    The Economic Policy Institute, partially funded by trade unions, estimated that in 2013, 682,900 net jobs were supplanted by the U.S. trade deficit with Mexico. In a 2015 report, the Congressional Research Service (CRS) said NAFTA “has not caused the huge job losses that critics fear.” On the other hand, it allowed that “in some sectors, trade-related effects may have been greater, particularly in sectors that have been more exposed to the removal of tariff and non-tariff barriers, such as textiles, clothing, automobiles and agriculture.” The North American Free Trade Agreement (NAFTA) was inspired by the success of the European Economic Community (1957-1993) in removing tariffs to stimulate trade among its members. Supporters argued that the creation of a free trade area in North America would bring prosperity through increased trade and production, resulting in the creation of millions of well-paying jobs in all participating countries.

Utilizzando il sito, accetti l'utilizzo dei cookie da parte nostra. maggiori informazioni

Questo sito utilizza i cookie per fornire la migliore esperienza di navigazione possibile. Continuando a utilizzare questo sito senza modificare le impostazioni dei cookie o cliccando su "Accetta" permetti il loro utilizzo.

Chiudi