Preview

International Trade and Free Trade Accords

Satisfactory Essays
Open Document
Open Document
556 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
International Trade and Free Trade Accords
FTAA

What are the main reasons why governments across the Americas are pushing for the free trade area?.

Main reasons are explained in the Summit Of The Americas (December 1994) among all the reasons we can emphasize the idea of unifying efforts among all American countries (or most of them, Cuba is not included for example) in order to achieve a faster economic growth , lower inflation, expanded oportunities and confidence in participating in the global marketplace and to promote prosperity through increased economic integration and more open economies. This agreement will contribute to raising living standars, to improving the working conditions of all people in the Americas and to better protecting the environment, and it will take into account diferences in the levels of development and size of the economies to create opportunities for the full participation of the smaller economies and to increase their level of development.

What are the main reasons why the anti-FTAA group is protesting its implementation?

Anti-FTAA group says that this agreement extends accords that have already been adopted (FTA and NAFTA) from the extreme North of Canada to Tierra del Fuego, and NAFTA has had deadly consequences for Mexico and the wounds inflicted on workers in Canada and United States, so they claim that we can already see by this example several of the disastrous effects FTAA will have on Latin America. From their point of view Free Trade accords are the masterpieces of Globalization, in effect, they permit the deregulation and opening of markets by eliminating “barriers to trade” such as environmental protection and worker rights. Moreover, these accords contribute to the privatization and commodification of all things, even essential services like health care and education, and with this phenomenon of globalization they aim to enrich the handful of new “masters of the world” namely financiers and big capitalists.

In your opinion, is the

You May Also Find These Documents Helpful

  • Powerful Essays

    According to an article History of NAFTA from http://useconomy.about.com, Article 102 of the NAFTA agreement states the reasons for its inception. 1. Eliminate barriers to trade and facilitate the cross-border movement of goods and services. 2. Promote conditions of fair competition. 3. Increase investment opportunities. 4. Create procedures for the resolution of trade disputes. 5. Provide protection and enforcement of intellectual property rights. 6. Establish a framework for further trilateral, regional and multilateral cooperation to expand NAFTA’s benefits. 7. Grant the signatories Most Favored Nation status.…

    • 2468 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Print ECN 340

    • 586 Words
    • 1 Page

    Free trade agreements to promote international investment to optimize the industrial structure and resource allocation. The free trade agreement to promote economic cooperation relationship between member countries.…

    • 586 Words
    • 1 Page
    Good Essays
  • Good Essays

    NAFTA

    • 726 Words
    • 3 Pages

    The North American Free Trade Agreement, also known as “NAFTA” took effect January 1, 1994. It is a trade agreement between the three countries of North America, which are The United States, Canada, and Mexico. The Canadian Prime Minister, Brian Mulroney, the Mexican President, Carlos Salinas de Gortari, and former United States President George H. Bush organized the agreement. The relationship between the countries were already on good terms, especially between the two northern countries US and Canada which five years before NAFTA had gone into effect by the agreement that was signed of Free Trade Agreement that eliminated all tariffs between the two countries. It was only time before a more integrated agreement was put into effect for all of North America. The geographic location and the previously established trade of goods and services made NAFTA a logical decision welcoming Mexico into the bargain.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Nafta Cons

    • 199 Words
    • 1 Page

    The North American Free Trade Agreement (NAFTA) is an agreement between the United States, Canada, and Mexico to eliminate trade barriers and stimulate economic growth in these countries. This agreement, signed in 1992 effective January 1, 1994, created one of the world’s largest free trade zones. The anticipated benefit of having NAFTA was to create jobs in the three countries, for economic growth for the countries involved, and to give consumers better pricing and selection of goods desired to purchase. Since its inception in 1994, this free trade agreement has continued to be controversial, depending on the perspective in which it is being evaluated. Currently there are media reports that the agreement may be overturned because it does…

    • 199 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Globalization and free trade are controversial issues that cannot be seen from just one side. The author clearly state that globalization benefits the allocation of resources, increase income, world output, variety of goods and is essentially good for the consumer. However, as I like to say, not everything that shines is gold. Globalization is not the immediate response or salvation for the poor and less developed countries in the world. For me, the so called globalization “backlash” has strong reasons that I respect and understand. However, although I recognize that under a free trade…

    • 458 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Nafta

    • 4045 Words
    • 17 Pages

    We begin by looking at how the negotiations for NAFTA began and why. In the 1970’s, Mexico had a huge oil boom from new resources. The country, as a whole, was doing quite well during this time. The problem was that Mexico’s economy largely depended on oil exports alone. When there was a collapse of production, many countries sought other means of importing oil. The collapse almost ruined Mexico’s economy because of the amount of foreign debt already owed. In 1978, Mexico applied for membership to the General Agreement on Tariffs and Trade (GATT). The Mexican government also wrote a protocol of accession, or waiver, which allowed Mexico to trade without having to join the GATT. The final decision was not to join the GATT and go with the protocol of accession. When oil prices dropped and inflation rose, Mexico found it hard to generate non-oil revenue. As a result, in 1986, Mexico resubmitted for membership to the GATT and began trade negotiations with the U.S.…

    • 4045 Words
    • 17 Pages
    Good Essays
  • Good Essays

    2. Suppose that US market demand and supply for cloth are given, respectively, by the following algebraic equations: P = 8 – ½Q and P = 2 + ¼Q (P is given in dollars and Q in tons).…

    • 815 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Nowadays economic globalization is a trend. Free trade affects us every day. The World Trade Organization is writing the constitution and operating the global trade. However, more and more people start to think over: is free trade a universally good global economic system? Does the WTO can really inspire growth and prosperity for all? According to the Global Exchange, the answer is no and there are alternatives to the WTO. A flier distributed through the website for Global Exchange appeal to people to oppose the WTO and replace it with a democratic global economy. The flier strongly proves that the WTO does harm to the human rights, global economy and the equality between poor countries and powerful countries. As far as I am concerned, the flier works beautifully to make people realize the disadvantages of free trade and shortcomings of the WTO by enumerating twelve reasons clearly and by using logos, ethos and pathos successfully.…

    • 724 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Nafta Pros And Cons

    • 1358 Words
    • 6 Pages

    The North American Free Trade Agreement (NAFTA) is a very significant part of international trading in North America. NAFTA was built upon a prior 1989 trade agreement between the U.S. and Canada that was responsible for tariff reductions between the nations. There were concerns of U.S. jobs being lost in the transfer of factories to foreign nations, where U.S. companies could take advantage of cheap labor and the lack of workers' rights. Also, environmental groups became concerned that enforcing pollution laws would be difficult in foreign countries with loose environment laws.…

    • 1358 Words
    • 6 Pages
    Good Essays
  • Good Essays

    The term "globalization" has been appropriated by the powerful to refer to a specific form of international economic integration, one based on investor rights, with the interests of people incidental. That is why the business press, in its more honest moments, refers to the "free trade agreements" as "free investment agreements" (Wall St. Journal). Accordingly, advocates of other forms of globalization are described as "anti-globalization"; and some, unfortunately, even accept this term, though it is a term of propaganda that should be dismissed with ridicule. No sane person is opposed to globalization, that is, international integration. Surely not the left and the workers movements, which were founded on the principle of international solidarity—that is, globalization in a form that attends to the rights of people, not private power…

    • 278 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The North American Free Trade Agreement (NAFTA) is a treaty that lays out the fundamental basis for economic prosperity and economic cooperation between Canada, Mexico, and the United States. The implementation of NAFTA has encouraged several economic policies, such as trade liberalization, which in turn have produced several economic benefits, ranging from significant economic growth to the production of jobs in the three nations. However, NAFTA has produced controversy with the possibility of the revocation of the agreement as a whole due to the lack of cooperation amongst the three nations. The trilateral negotiations of NAFTA require international cooperation amongst the parties to increase the effectiveness of the agreement and to ensure…

    • 810 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The impact of an import tariff in a small nation is entirely unlike then an import tariff from a larger nation. When smaller nations imposes a tariff, it does not affect world prices, however the price of the importable commodity will start to rise, usually by the amount of the tariff for manufacturers and trade in the small nation. When large nations impose a tariff, it will reduce the volume of trade. Large nation tariffs also improve terms of the nation’s trade. Since the volume of trade is being reduced, it tends to lesson the nation’s welfare. However it also can improve the nation’s welfare. It depends on the welfare of the nation to if it actually rises or falls depending on the two conflicting forces.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Pros And Cons Of NAFTA

    • 746 Words
    • 3 Pages

    The North American Free Trade Agreement (NAFTA) is a large breakthrough in international trade for the United States, Mexico and Canada. It has liberalized trade among the three countries and had an allover positive impact on each country’s economy. A especially impacted the agricultural sectors of each country. Although there have been several trade disputes and controversial issues, the agricultural economy of each country benefited.…

    • 746 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    NAFTA Argumentative Essay

    • 1597 Words
    • 7 Pages

    The grandeur that surrounded NAFTA certainly gave a convincing promise: the opportunity to expand an ever-growing U.S. economy, strengthen ties with neighboring countries, and campaign for the freedom of democracy in capitalism throughout North America. Even after the immediate redistribution of jobs leaving the United States and giving Mexico a new-found job market to feed the rampant unemployment that weaved throughout cities large and small, hope still found its way into the hearts of Americans. They were praying for a turn of the tide in the trade agreement that promised so much but had delivered so poorly. Given the prior trade agreement between the U.S. and Canada, Mexico, the only country still developing, became the center of attention.…

    • 1597 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Martinez-Vazquez, J (2001, September). The Impact of NAFTA, The North American Free Trade Agreement . Retrieved on August 28, 2008, from The World Bank Web site: http://www-wds.worldbank.org/external/default/WDSContentServer/IW3P/IB/2001/10/05/000094946_01092504010964/Rendered/INDEX/multi0page.txt…

    • 1374 Words
    • 6 Pages
    Powerful Essays