The North American free trade agreement (NAFTA, English North American Free trade Agreement; , franz. Accord de libre north ; TLCAN, splinter Tratado de Libre Comercio de del Norte) is an expanded restaurant group between Canada, the USA and Mexico and forms a foreign trade zone. The NAFTA was created to 1 January 1994. With the entry into force of the free trade agreement countless tariffs were abolished, many further were suspended temporally. The agreement came out from the Canadian-American free trade agreement of 1989, which does not notice supranational government functions contrary to the European union and whose regulations also no priority position in relation to national right take. It concerns thereby an intergovernmental contract.

Effects

The NAFTA is controversially discussed since the first drafts in addition. International companies supported the NAFTA usually in the acceptance that lower tariffs increase their trade. Trade unions in the USA faced the NAFTA already early critically and feared above all the misalignment from jobs to Mexico. Also Mexican farmers regarded the NAFTA critically, because they see themselves suspended by the open market to an unfair competition, under the high national subsidies for US-Farmer. Also social and environmental's groups are not afraid the negative effects of the free trade agreement on the general health and the environment by an expansion Handelsvolumens.Die analysis of the macro-economic consequences of the free trade agreement are simple, since thereby also a large number of variables of the global economy play a role. Many restaurant economics stress generally that the NAFTA led less to a larger Handelsvolumen, as to a misalignment of the trade, with that the NAFTA members now more goods from NAFTA countries import instead of as before from countries world-wide. Also profits the USA more than Mexico from the NAFTA contracts, particularly owing to cheap locations and wages, which represent an incentive for US firm settlements.

A goal/perspective of the NAFTA is the realization of a complete foreign trade zone until at the latest to the year 2015.

Literature

• David Bacon. The Children OF NAFTA: Laboratory wars on the U.S./Mexico Border. Berkeley: University OF California press. 2004. ISBN 0520237781

See also

• European marketing area (EWR)
• European free-trade association (EFTA)
• Foreign trade zone of the federation of Southeast Asiatic States of (AFTA)

Related links

• Further information to NAFTA
• Website of the NAFTA Secretariat (English, French, Spanish)
• NAFTA and the consequences for Mexico
• NAFTA and its consequences: Effects of the Maquiladora industry in Mexico

Articles in category "North American Free trade Agreement"

We found here 3 articles.