NAFTA: Canada's & Mexico's Viewpoints



When the Canada/U.S. free trade agreement came into effect, the
Mexican's were very impressed by the provision and opportunities that opened for
both sides. Mexico then approached the U.S., seeking to form a similar
agreement with them. This brought forth a new issue in Canada, should they let
Mexico and the U.S. form an agreement without them? Or should they participate,
thus transforming their deal with the U.S. into a trilateral agreement including
Mexico.

On June 12, 1991, the trade ministers of Canada, the United States and
Mexico met in Toronto to open negotiations for a North American Free Trade
Agreement (NAFTA). This was an historic occasion. For the first time ever, ...

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a year later, the three trade ministers met again in
Washington, to put the finishing touches on a new North American Free Trade
Agreement. In just over a year the negotiators from the three countries had
successfully met the challenge and put together a new trading frame work for
North America. The North American Free Trade Agreement (NAFTA) was set to be
implied.

The North American Free Trade Agreement often raises questions regarding
the new economic trading blocs around the world. The twelve-nation European
Community (EC), a Central American free trade zone, and a four-nation South
American group, as well as preliminary discussions regarding an Asian trading
bloc, all point to the fact that new economic realities already exist. NAFTA
promises to have a major impact on the people in all three nations. There will
obviously be short-term costs of adjustment, which will certainly hit some
industries, regions, and workers harder than others. There will be definite
winners ...

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of Mexican barriers will provide
new markets and opportunities for Canadian goods and services. Canadian firms
will be able to participate in, and expand sales in, sectors that were
previously highly restricted, such as autos, financial services, trucking,
energy and fisheries. Mexican tariffs and import licensing requirements will be
eliminated, some immediately and others over 5 to 10 years, providing barrier
free access to 85 million consumers.

The North American Free Trade Agreement covers virtually every field of business
in Canada. NAFTA provides many provisions as well as both real and potential
advantages to Canadians in all most all places in the work place.

Agriculture ...

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NAFTA: Canada's & Mexico's Viewpoints. (2007, April 28). Retrieved July 16, 2018, from http://www.essayworld.com/essays/NAFTA-Canadas-Mexicos-Viewpoints/64038
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"NAFTA: Canada's & Mexico's Viewpoints." Essayworld.com. April 28, 2007. Accessed July 16, 2018. http://www.essayworld.com/essays/NAFTA-Canadas-Mexicos-Viewpoints/64038.
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PAPER DETAILS
Added: 4/28/2007 12:05:19 PM
Category: Economics
Type: Free Paper
Words: 3823
Pages: 14

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