NAFTA and the EU lower tariffs and trade restrictions for their member countries, which in turn create fewer barriers and more opportunity. Basically, this causes efficiency to increase, products (especially ones sold in the US) become much cheaper, and more jobs overall are created. Granted, this can cause outsourcing and job loss in the more industrialized countries (like the US is having), but it also means that the products and services that they buy are also much cheaper as well.
2007-12-13 03:05:34
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answer #1
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answered by Anonymous
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The EU provides free trade within their 27-country membership, because they share a common currency standard, set by the European Bank.
The NAFTA Act allowed for trade between Canada, the U.S. and Mexico without tariffs (import taxes), which basicly became free trade, although they do not share a common currency system, but use the U.S. Dollar.
2007-12-13 01:16:37
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answer #2
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answered by Another Guy 4
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Both are bent on destroying the economy of the USA.Nafta has already killed 80% of our once-thriving manufacturing base.It is all about merging all nations into a Fascist New World Order.The USA must collapse or it can't take place.
2007-12-12 23:38:02
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answer #3
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answered by Anonymous
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they do share fewer barriers(a Propaganda word) and more opportunity..... for corporations and thier heads.
they both undermine sovereignity(sp?)
2007-12-12 23:57:39
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answer #4
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answered by populist3 1
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