North American Free Trade Agreement

Paper Summary:

"The North American Free Trade Agreement (NAFTA) eliminated, or will eliminate (by 2009), all trade barriers between Canada, Mexico, and United States. Not long after NAFTA took effect on January 1, 1994, the Clinton Administration made the extension of that agreement (the proposed Free Trade Area of the Americas, or FTAA) its top trade priority.

From the Paper:

"The North American Free Trade Agreement (NAFTA) eliminated, or will eliminate (by 2009), all trade barriers between Canada, Mexico, and United States. Not long after NAFTA took effect on January 1, 1994, the Clinton Administration made the extension of that agreement (the proposed Free Trade Area of the Americas, or FTAA) its top trade priority. Specifically, President Clinton wants to expand NAFTA to include all of Central and South America, thus creating a free trade zone that would extend from Alaska's Point Barrow in the north down to Argentina's Tierra del Fuego in the south. But such a move is potentially disastrous, as demonstrated by America's five-year experience with NAFTA. This paper will argue against the extension because NAFTA has already had a negative impact on the economy, environment, and welfare of both the U.S. and Mexico, and those consequences will only..."

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