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In December 1992, Canada, the United States and Mexico signed the North American Free Trade Agreement (NAFTA), the single largest free trade area in our times.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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In December 1992, Canada, the United States and Mexico signed the North American Free Trade Agreement (NAFTA), the single largest free trade area in our times. When NAFTA was signed, the three countries resolved to "Strengthen the development and enforcement of environmental laws and regulations, Enhance the competitiveness of their firms in global markets, Protect, enhance and enforce basic workers' rights and Establish clear and mutually advantageous rules governing their trade."1 NAFTA provides the three nations with a more enhanced agreement on four major effects of the agreement: the trade effects, investment effects, environmental dimensions, and connecting economic processes with environmental effects. These four areas have been looked into the most and have been evaluated more then any. NAFTA will "make the three economies more capable of taking on broader competition on a global basis." 2 Although NAFTA was implemented by the U.S to include Mexico in the agreements, many...
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