Topic > Global Business - 2686

According to the Council on Foreign Relations (2011), the North American Free Trade Agreement (NAFTA) represents an explicit trilateral free trade agreement, implemented in January 1994 and signed by the Democratic Party President, Bill Clinton. The primary goal was to remove various trade tariffs imposed on all products in Canada, Mexico, and the United States (USA). The terms of the agreement included the gradual elimination of tariffs. However, the final aspects of the agreement were not fully implemented until January 1, 2008. The agreement led to the removal of export tariffs across sectors; Agriculture was the focus, but tariffs were also reduced on several goods such as textiles and automobiles. Additionally, NAFTA provided for the implementation of protections affecting intellectual property. He devised the mechanisms that would be of great importance in the resolution of disputes and formulated the related regional labor and environmental safety measures that were to be adopted. The latter attracts several reactions of a different nature from critics of the move. Critics advocate for ever stronger measures in this area. NAFTA has a great impact in the bilateral economic correlation between Mexico and the United States (Villarreal, 2010). Both countries have other ties beyond trade, which include: myriad security issues, very different environmental issues, many dynamics in migration patterns, and health-related issues. Various effects of NAFTA on Mexico and Mexico's economic situation influence political desires and economic models within the United States. Villarreal (2010) argues that, in 1990, Mexico presented the idea of ​​establishing a free trade agreement to the United States (F... . half of the document ......the economic and political environment at the same time List of references Congress Budget Office (2003). NAFTA is Economic Impact : http://www.cfr.org/economics/naftas-economic-impact/p15790Frittelli, J. (2010). Implementation of the North American Free Trade Agreement (NAFTA): The future of commercial trucking across the Mexican border. Rosson, C, and Angel, A. (1992) The US-Mexico Free Trade Agreement: The MexicanPerspective of Agricultural Economics. Retrieved from: http://ageconsearch.umn.edu/bitstream/30365/1/24010055.pdfVillarreal. , M. (2010).NAFTA and the Mexican Economy. Congressional Research Services. Retrieved from: http://www.fas.org/sgp/crs/row/RL34733.pdf.