NAFTA
The goal of NAFTA (which stands for The North American Free Trade Agreement) was to eliminate trade barriers and investments between the U.S, Canada, and Mexico. It is one of the world's largest free trade zones and the laying foundations for strong economic growth and rising prosperity for Canada, U.S. , and Mexico. NAFTA demonstrated how free trade increases wealth and competitiveness delivering real benefits for families, farmers, workers, manufacturers, and consumers. NAFTA is overseen by a number of institutions that ensure the proper interpretation and smooth implementation of the Agreement’s provisions. NAFTA’s rule of origin is that a country forgoes tariffs on imported goods “originating” in the other NAFTA countries. In benefit, since NAFTA came into effect, trade and investment levels in North America have increased, bringing strong economic growth, job creation, and better prices and selection in consumer goods. North American businesses, consumers, families, workers, and farmers have all benefited.
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TECHNOLOGY HELPING CANADA'S ECONOMY
BIBLIOGRAPHY:
- Accessed June 2, 2015. http://www.naftanow.org/ http://opil.ouplaw.com/home/EPIL?id=/epil/entries/law-9780199231690-e2083&recno=8&.
- "NAFTA." North American Free Trade Agreement. Accessed June 2, 2015. http://www.naftanow.org/.