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I would like to know this please

2007-12-09 14:24:12 · 4 answers · asked by taylorc3179 1 in Politics & Government Government

4 answers

The North American Free Trade Agreement (NAFTA) eliminated the majority of tariffs on products traded among the United States, Canada and Mexico, and gradually phases out other tariffs over a 10-year period. Restrictions were to be removed from many categories, including motor vehicles, computers, textiles, and agriculture.

The treaty also protects intellectual property rights (patents, copyrights, and trademarks), and outlines the removal of investment restrictions among the three countries. The agreement is trilateral in nature (that is, the terms apply equally to all countries) in all areas except agriculture, in which stipulations, tariff reduction phase-out periods and protection of selected industries, were negotiated on a bilateral basis.

Provisions regarding worker and environmental protection were added later as a result of supplemental agreements signed in 1992. NAFTA was an expansion of the earlier Canada-U.S. Free Trade Agreement of 1988. NAFTA is a treaty under international law, though under United States law it is classed as a congressional-executive agreement rather than a treaty.

2007-12-13 14:14:16 · answer #1 · answered by BeachBum 7 · 0 0

The USA, Canada and Mexico. If one wants to get really technical, North American Free Trade Agreement (NAFTA) eliminated the majority of tariffs on products traded among the United States, Canada and Mexico, and gradually phases out other tariffs over a 10-year period. Trade has increased dramatically among the three nations since NAFTA. In the period of 1993–2004, total trade between the United States and its NAFTA partners increased 129.3% (110.1% with Canada and 100.9% with Mexico), yet total trade between the United States and non-NAFTA partners increased 123.8% in the same period, a roughly similar figure. Maquiladoras (Mexican factories which take in imported raw materials and produce goods for export) have become the landmark of trade in Mexico. Milton Friedman has argued that the North American Free Trade Agreement is actually not a "free trade" agreement, but rather is government managed trade. This trade bloc is a failure all around for the middle class factory workers and tax payers in America. It should be recinded!

2007-12-10 01:35:40 · answer #2 · answered by Mary W 4 · 0 0

Canada, The U.S. and Mexico

2007-12-09 22:32:00 · answer #3 · answered by Bosco 5 · 0 0

God I don't know. What are the countries in 'NORTH AMERICA'?

2007-12-09 22:36:53 · answer #4 · answered by Mike S 7 · 0 0

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