Nafta pros and cons essay

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As long as NAFTA has been in existence, there has been controversy over its benefits and costs. Since NAFTA is viewed as a neoliberal trade and investment agreement, supporters and critics alike are able to expand its validity to a grander scale when dealing with the question of whether free trade itself is beneficial or harmful. During the life of NAFTA, many valid arguments for and against free trade have been brought to the forefront. Many economists argue neoliberal trade is superior due to allocational efficiency benefits. America’s economy is flat lining.

We are bleeding jobs and hemorrhaging revenue. One out of every seven citizens is on financial life support and our government needs to do something stat. One of the first steps in the road to recovery is repealing the North Atlantic Free Trade Agreement, or NAFTA, because it is dangerous to our economic stability and future. NAFTA took effect on January 1, 1994 with the culmination of all quota and tariff repeals on January 1, 2008. This agreement was designed to expand trade between Canada, Mexico, and the United States by reducing restrictions imposed by tariffs and encouraging foreign direct investment in the developing economies.

NAFTA is a trade agreement signed by the North American nations of Canada, Mexico and the US. In terms of combined GDP between the countries, it has created the largest trade bloc in the world. The NAFTA is a result of many years of negotiations, starting in 1986 under President Ronald Reagan, and finally signed on the 17th of December in 1992 under President George H. It became fully implemented in 2008 under President Barack Obama.

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