Pros And Cons Of NAFTA

Positives of NAFTA

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.
During the process of NAFTA, its goal was to abolish barriers to trade and investment between the United States, Canada and Mexico. Tariffs that included imports and exports between Mexico and the US were eliminated. They also wanted to eliminate non-tariff trade obstacles and to
Tariffs were ended on several goods and services. Agricultural goods also became tariff-free and were beneficial to the importing and exporting of products such as eggs, corn, meats, etc. Corn production in Mexico has enlarged since NAFTA was finalized. Mexico is still receiving imports of corn due to the high demand of the product. Prices are truncated and beneficial to the market. The United States has also been awarded with a growing meat market by Mexican farmers. This helps the profits and the sales of the U.S. meat market within the economy today
Better transportation became necessary because of the high growth rate in agricultural products. Mexico has benefited most in this area. NAFTA became the first trade agreement in the history of the world to include environmental policies. The elevated incomes in each country as a result of NAFTA have helped fund environmental causes. These policies help counteract the additional pollution cause by NAFTA. The last positive impact has been a slight increase in Unites States jobs in the cultivated industry. This was due to the increased supply of agricultural products