NAFTA

What have been the positive outcomes of the NAFTA 24 years later? Did it turn out like they expected?

1) 450 million people are producing 17 TRILLION dollars worth of goods 2) NAFTA has created many jobs 3) trade in North America has tripled

What are the advantages of NAFTA?

1) free trade increases sales and profits-strengthening participants' economies 2) the absence of tariffs allow Mexico to sell goods at low prices 3) boosts Mexico's economy because their cheap products are competitive with free trade 4) allows US and CANADA to help Mexico make it's economy healthy

What have been the negative outcomes of NAFTA? What didn't go as planned?

1) small farmers in Mexico were put out of business 2) workers in Mexico were forced to move to bigger cities to find jobs, causing poverty, pollution, and over population 3) the number of illegal immigrants in the US has increased from 2 million in 1990 to 11 million today, as Mexican workers leave their home to find better paying jobs to support their families

What are the disadvantages of NAFTA?

1) the US loses jobs because people in Mexico do the same work for less money 2) a healthy Mexican economy means an increase in pollution, because of they don't have strict environmental regulations 3) some people think the boarder should be open (???)

How does NAFTA affect US business owners?

1) they can own factories in Mexico 2) they pay workers in Mexico less 3) Mexico has fewer labor regulations 4) they make more profits making products in Mexico than the US 5) they have more space to sell products-to Mexican business owners 6) they can trade freely 7) they can ship and sell across the continent without paying tariffs 8) they have a larger area to sell goods

What is the purpose of free trade?

1) to allow free movement of goods between participants 2) to promote competition in free trade areas 3) to allow participants to resolve problems 4) to encourage cooperation between participants

What does NAFTA do?

NAFTA eliminates trade barriers and tariffs for trade between the US, Canada, and Mexico-creates free trade

What does NAFTA mean?

North American Free Trade Agreement

NAFTA includes which 3 countries?

US, Canada, Mexico