The Free Trade Agreement - 854 Words

The Free Trade Agreement (FTA) as well as the North American Free Trade Agreement (NAFTA) were failures. The North American Free Trade Agreement was one of the most controversial documents of the 20th century, beginning January 1st 1988.1 The reason it was so controversial was because it was loved in some ways yet hated in others. One of the reasons why the FTA and NAFTA were failures is due to the fact that Prime Minister Brian Mulroney lost a lot of votes caused by the amount of voters that disapproved of the FTA and NAFTA. Another reason the FTA and NAFTA were failures is because the agreement did not improve the amount of full time jobs in Canada, which was one of the reasons that the FTA and NAFTA was created in the first place. The final reason the deal failed was because the deal was supposed to improve productivity around Canada but really did nothing. The FTA and NAFTA were failures because it only helped a small handful of Canadians and hindered many more. The first main reason why the FTA and NAFTA were failures was because of the popularity Prime Minister Brian Mulroney lost. Mulroney was elected into government in 1984 with the biggest election win in Canadian history. When he was re-elected in 1988, it gave Mulroney the go ahead with the FTA which was implemented at midnight on January 1st 1989. Before Mulroney brought the FTA to the table he was thought of as the best Prime Minister Canada had ever elected. After the FTA and NAFTA, Mulroney was said to beShow MoreRelatedFree Trade And Trade Agreements1408 Words   |  6 PagesFree Trade Free trade is a policy in which the government does not interfere against imports or impedes with exports by applying tariffs (Encyclopedia, 2015). Free trade is about removing barriers like tariffs, quotas, and other restrictions. Tariffs are taxes that the countries enforce on imported goods and services, they are set in place to make trade harder. This ultimately causes the price of goods and services for consumers to be more expensive. Quotas are a limited quantity countries putRead MoreNafta And The American Free Trade Agreement1253 Words   |  6 PagesOn January 1st, 1994, Canada, the United States of America, and Mexico had signed a free trade agreement, under the name - the North American Free Trade Agreement (NAFTA). This Free Trade Agreement was created to achieve its goal of eliminating barriers to trade and investment between Canada, Mexico and the United States of America. However, the question that politicians and economists of our nation are facing is whether Canada should remain in NAFTA with its partners, United States and Mexico. DespiteRead MoreNorth American Free Trade Agreement Essay1398 Words   |  6 Pages North American Free Trade Agreement During the most recent race for the White House we heard very little of substance from both parties, but one thing both parties seem to agree on is that free trade has been bad for the U.S. worker. One candidate proclaimed that the North American Free Trade Agreement (NAFTA) has cost the United States hundreds of thousands of jobs and another distanced herself from free trade agreements all together. It has been over twenty years since the implementation ofRead MoreEffects Of The North American Free Trade Agreement On Corn Trade Agreements1015 Words   |  5 Pages The Effects of the North American Free Trade Agreement on Corn Trade between the United States and Mexico Prerna Gait ID: 4299385 ECON 3951 – Senior Project Abstract: This paper examines the impact of the North American Free Trade Agreement (NAFTA) on corn trade between US and Mexico since 1994. NAFTA had a great impact on corn trade between US and Mexico mainly because of trade liberalization which enabled US to increase its corn exports to Mexico. This paper closely looks atRead MoreThe North American Free Trade Agreement1018 Words   |  5 PagesAmerican Free Trade Agreement, known as NAFTA, is a trilateral trade agreement between Canada, the United States, and Mexico. Signed January 1, 1994, NAFTA’s main purpose was to reduce trading costs, increase business investments, and help the United States be more competitive in the global marketplace. The agreement would eliminate all tariffs on half of all U.S. goods shipping to Mexico and introduce new regulations to encourage cross-border investments. According to President Bush, trade deals giveRead MoreThe North American Free Trade Agreement1711 Words   |  7 PagesThis paper will discu ss four components of the North American Free Trade Agreement: Background, events, pros and cons. Upon the research, you will discover four online articles to provide more detail and examples. This research will indicate how it was developed and the reasoning on why it would benefit the nation. Also, it will provide events that occur after the agreement was signed by congress and the recession the countries experience during the early 2000s. There will be a chart locatedRead MoreThe North American Free Trade Agreement Essay1420 Words   |  6 Pagessubstance from both parties, but one thing both parties seem to agree on is that free trade has been bad for the U.S. worker. One candidate proclaimed that the North American Free Trade Agreement (NAFTA) has cost the United States hundreds of thousands of jobs and another distanced herself from free trade agreements all together. It has been over twenty years since the implementation of the North American Free Trade Agreement and many have criticized it as a bad deal for the U.S. It can be shown thatRead MoreFree Trade Agreement With Asian Countries1134 Words   |  5 PagesThe topic of free a free trade agreement with Asian countries is currently being debated on the floor of the United States Congress (â€Å"Trans-Pacific†). The trade is supposed to reduce the tariffs that each country pays on its exported products. Americans are being told the free trade add jobs, provide access to products otherwise not available at a lower cost, but none of this is true. The free trade agreement will give Asian manufacturers an absolute advantage over the American manufacture’s becauseRead MoreThe North American Free Trade Agreement Essay1356 Words   |  6 PagesThe North American Free Trade Agreement (NAFTA) is an agreement negotiated by three countries; Canada, Mexico, and the United States. The main purpose of NAFTA is essentially to reduce trade barriers in order to promote international commerc e, and open up different industries to trade, in particular textiles, agriculture, and automobile sectors. The introduction of NAFTA completely transformed North American economic relations and led to unparalleled cooperation between the U.S. Canada and MexicoRead MoreThe North American Free Trade Agreement1486 Words   |  6 PagesThe North American Free Trade Agreement (NAFTA), an agreement signed by three countries in creating rules in trade in North America. NAFTA, when being presented, was described as genuine for helping Mexico and Canada. But was NAFTA really helpings those counties or really just helping North America? Initially North America was being genuine about NAFTA when talking to Mexico and Canada but in reality the NAFTA caused some uneven development as the years went by. I have two stories that