The Pros And Cons Of NAFTA

The North American Free Trade Agreement (NAFTA) is part of the U.S. Trade policy. This agreement is between the United States, Canada, and Mexico. It’s the world's largest free trade zones. NAFTA is put in place to essentially eliminate tariffs (taxes) on goods barriers among these three countries, making the terms much less restrictive and easier to transport goods between them. This is very beneficial in some ways because it helps the U.S. Economy. Free trade is good for everyone, products can be produced in the most cost-effective place so everyone enjoys the benefit of low-priced goods. But, of course, there are also some negatives to this agreement, such as the loss of jobs in America, slave labor and immigration issues. NAFTA was
Just like anything else in the world, there are gonna be ups and downs. Economically, there has been much speculation to whether NAFTA has helped the growth, just not a very big one like this article states. “according to a 2014 report by the Peterson Institute for International Economics (PIIE), the United States has been $127 billion richer each year, thanks to “extra” trade growth fostered by NAFTA.” (NAFTA’s) Considering that we are 19.5 trillion dollars in debt that isn't very much. NAFTA is put in place to reduce trading costs, boom the business investment, and help North America be more ambitious in the global marketplace. (Amadeo) Since NAFTA was signed there have been lots of jobs lost in the U.S. and moved to different countries. Mexico is the main country that got most of our jobs. That's called outsourcing, companies take advantage of it so they don't have to pay people in other countries the minimum wage we have in the U.S. They can make pants in Mexico for 2$ and only pay the workers a small amount then they sell them to us which makes goods cheaper which is a plus. Outsourcing is not good for our economy, especially since NAFTA was signed. Sent at least 500,000 of our manufacturing jobs to other countries which caused us to lose many jobs. (Amadeo) Since this agreement has been signed the U.S. agricultural exports worldwide went up by 62 percent. That is very good for the growth of our economy. Rising exports will help
Rufino Domínguez, Head of the Oaxacan Institute for Attention to Migrants tells us why they come here and states, “There are no jobs, and NAFTA forced the price of corn so low that it’s not economically possible to plant a crop anymore,”.... “We come to the U.S. to work because we can’t get a price for our product at home. There’s no alternative.” (Bacon) Although farming for the mexican people became hard because of NAFTA U.S. agricultural exports have went up by 62% People from Mexico have tried immigrating to the U.S. even before this agreement, but ever since NAFTA took effect people of Mexico have been forced to come here to provide for their family because it’s almost impossible for them to make enough money and do it there. NAFTA has made the country of Mexico suffer, and the united states felt its pain. According to statistics, there are around 11.4 million unauthorized immigrants resided in the United States as of January 2012, (Zong) which is a lot of people and many jobs being taken. Even though they are taking our jobs, Mexicans work hard which gives us a strong workforce and companies like a hard working person. Immigrants often start more businesses than white people like this article states “According to the Small Business Administration, immigrants are 30 percent more likely to