Case Questions NAFTA and the Prospects of Free Trade in the Americas 1. Why did the US‚ Canada and Mexico sign the NAFTA? Which sectors would you expect to gain most from this agreement? 2. In what ways has NAFTA been beneficial or harmful for the countries that signed it? 3. Should the US encourage the formation of FTAA? PS2 - The China Question 1. Should PS2 enter the China Market? Is it ready to enter the China market now? If not‚ what limitations need to be overcome? 2. Is export
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Free Trade Agreement (NAFTA) was signed on December 17‚ 1992‚ and entered into force on January 1‚ 1994. There have been studies that document the successes and failures of this agreement. One study was done in 2010 and examined 14 countries including Canada and Mexico. NAFTA has helped eliminate tariffs and quota restrictions for food trade and agricultural trade. There have been significant changes in economic growth‚ employment‚ and general border trading. Besides trade‚ NAFTA has had a positive
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ECONOMICAL * USA is capitalist Mixed Economy * GDP-15‚6097 Trillion * GDP(per capital)-49.601 * Major contributor in GDP: * Agriculture - 1.2% * Services - 76.7% * Industry - 22% * Inflation -1.7% * Imports -2236 Billions * Exports -1479 Billions TECHNOLOGIGAL * 2.6% of GDP is expended on R&D * 58.3% of R&D is focoused on defence * 40% of the world’s largest technology manufacturing country
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NAFTA helped create the largest free trade zone in the world and improved trade between Mexico‚ Canada and the United States‚ the nations involved in the treaty. The effect of NAFTA is evident as in the span of ten years the trade between the United States and Mexico tripled (Griswold). NAFTA‚ for the United States‚ was more about foreign policy than domestic economy. The passing of NAFTA helped the United States and Mexico form stronger ties
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Agreement (NAFTA) I. Brief overview of NAFTA (mainly for in-class presentation) a. NAFTA Introduction b. Original Expectations II. NAFTA over the last 12 years a. Impact on the U.S. economy i. Jobs (Employment Growth) ii. Labor iii. Income iv. Imports vs. Exports (Trade Deficit) 1. Agriculture v. Economic growth b. Impact on Canadian economy c. Impact on Mexican economy d. Global Impact i. International Business ii. FDI (Foreign Direct Investment) III. NAFTA - The Good
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3. FTAs – advantages and disadvantages The principal point of Free Trade Agreements is to secure trade liberalisation. While the traditional debate about FTAs is the danger that they can divert rather than create trade‚ the record to date suggests there has been little diversion and that FTAs and regional agreements have been effective in encouraging wider trade liberalisation. A practical advantage of FTAs is that they are quicker and easier to negotiate than multilateral agreements because fewer
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The promises of Free Trade and the effects of NAFTA in Mexico. By abc May 7th‚ 2013 Introduction to International Studies‚ Boston College Prof. Peter Krause Abstract: Developing countries are participating in bilateral and multilateral trade agreements in record numbers. Despite their eagerness to enter into the global market‚ fears remain that free trade with large industrialized nations will erode infant industrial sectors‚ hindering the process of economic development
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international trade and investment between the three NAFTA member countries. NAFTA’s purpose was to promote trade on many goods that originated and are traded between its members‚ by eradicating trade barriers over a period of 15 years. It provides the rules for commercial activities in the NAFTA countries by reducing or eliminating tariffs on certain goods. Over 30 groups and committees have been set up to implement and administer NAFTA. 2 From the time when NAFTA came into effect‚
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What is NAFTA? NAFTA stands for‚ "North American Free Trade Agreement." NAFTA is an agreement that was signed between Mexico‚ U.S.‚ and Canada. NAFTA was put into place on January 1‚ 1994. The reasoning behind NAFTA was to create an agreement was that helped to eliminate "tariff" and also non-tariff barriers to free trade among‚ Mexico‚ U.S.‚ and Canada. The concept of trade liberalization helps us to understand how NAFTA works because trade liberalization is‚ "the removal of restrictions or barriers
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Andrew Brickfield David Kiersnowski Nicolas Gallardo Vasquez Case Analysis Fundamentals of International Business 12 November 2013 NAFTA and Mexican Trucking Section 1. The Problem; NAFTA and Mexican Trucking The implementation of NAFTA on January 1‚ 1994 brought the immediate elimination of tariffs on more than one-half of Mexico ’s exports to the U.S. and more than one-third of U.S. exports to Mexico. Under the agreement‚ the United States and Mexico were to allow trucks from each
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