FTA agreement
What was the impact on Canada joining the FTA?
World War 1, World War 2 and the Cold War, Canada has always been very dependent upon other countries socially, economically and politically through tough situations. In the case of the FTA,Canada had made the decision for the long run and the decision to join was not particularly during a tough time, but sadly resulting in one for many. The decision to negotiate a FreeTrade Agreement with the United States seemed good at the time; Wider access to a variety of goods and services, new employment opportunities and the removal of trade tarriffs. Critics had stated their opinions solely based on the unemployment that the FTA (Free Trade Agreement) had created. Supporters had their opinion on the social, economic and political impact for Canada. Even though the increase of unemployment has risen ever since the FTA was signed, it has impacted Canada positively because we're gaining stronger ties with the US and creating better potential opportunities for Canadian businesses and people. Politically the supporters of the FTA argued that it would make Canada more attractive to global investors because they would use Canada to access the entire North American market. They also argued that NAFTA would make North America more competitive with the Asian and European trading blocs; because of increased globalization, Canada needed to secure trading partners as the North American trading bloc could eventually expand to include South America, due to globalization Brian Mulroney (Canadian prime minister at the time) felt that Canada had little choice but to negotiate. If the US signed a deal on its own with Mexico then the US trade could take a major shift toward Mexico. Canada would be left isolated-not just in North America but also in world trade markets. Mulroney was desperate to get this deal done, looking like a complete fool. But he didn't care, he knew this deal would be beneficial to the Canadian
World War 1, World War 2 and the Cold War, Canada has always been very dependent upon other countries socially, economically and politically through tough situations. In the case of the FTA,Canada had made the decision for the long run and the decision to join was not particularly during a tough time, but sadly resulting in one for many. The decision to negotiate a FreeTrade Agreement with the United States seemed good at the time; Wider access to a variety of goods and services, new employment opportunities and the removal of trade tarriffs. Critics had stated their opinions solely based on the unemployment that the FTA (Free Trade Agreement) had created. Supporters had their opinion on the social, economic and political impact for Canada. Even though the increase of unemployment has risen ever since the FTA was signed, it has impacted Canada positively because we're gaining stronger ties with the US and creating better potential opportunities for Canadian businesses and people. Politically the supporters of the FTA argued that it would make Canada more attractive to global investors because they would use Canada to access the entire North American market. They also argued that NAFTA would make North America more competitive with the Asian and European trading blocs; because of increased globalization, Canada needed to secure trading partners as the North American trading bloc could eventually expand to include South America, due to globalization Brian Mulroney (Canadian prime minister at the time) felt that Canada had little choice but to negotiate. If the US signed a deal on its own with Mexico then the US trade could take a major shift toward Mexico. Canada would be left isolated-not just in North America but also in world trade markets. Mulroney was desperate to get this deal done, looking like a complete fool. But he didn't care, he knew this deal would be beneficial to the Canadian