The Impact of NAFTA Term Paper by Annette

This paper provides a thorough definition of NAFTA and proceeds to examine the impact that this agreement has had on the United States. It deals with personal issues such as claims of heightened unemployment as well as national issues such as tax benefits and improved trade.

From the paper:

"On January 1, 1994, the North American Free Trade Agreement (NAFTA) was implement between Canada, Mexico, and the United States. This treaty drops most tariffs by 50% immediately, and dropped to zero by 2009. It is a unique trading agreement between two developed countries and a developing nation on a single continent. After eight years since NAFTA commenced, there are mixed analysis and opinions on whether this treaty is a success. It was designed to provide a free-flow of goods between countries without imputative measures and tariffs being enforced; it was promoted as a means to improve productivity and create jobs in the three countries; and, it was touted as model for further free-trade blocs to be created in the Americas and in other regional markets. After eights, no other free-trade blocs exists, nor has any other free-trade treaties been pursued and/or implemented by the NAFTA partners; and, with a world in a recession, there are two points of views on whether NAFTA has been more damaging than good during at this time, or if NAFTA has prevented further harm through its free-flow of goods."