Is Mexico better off with NAFTA
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QUESTION 5 This essay aims to critically evaluate if Mexico is better off as a result of the North American Free Trade Agreement (NAFTA). In reality, NAFTA is an extension of the Free Trade Agreement (FTA) between the United States and Canada which entered force in 1989. FTA expanded to include Mexico and January 1 1994 NAFTA came into effect and was the largest free trade area in the world, comprised of Canada, the United States and Mexico. This made North America the one of the most economically integrated regions of the world. Worth noting in relation to NAFTA; this was the first time industrialised economies, such as the United States and Canada, integrated a non industrialised economy, Mexico, to such extent. According to the governments of the NAFTA signatories; "NAFTA fuels economic growth and dynamic trade, stimulates investment whiles creating productive partnerships, works for small and medium-sized businesses and provides...


