NAFTA

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It had been surmised that this agreement would enhance employment due to increase in trade (North American Free Trade Agreement (NAFTA , 1995 This agreement , which is second only to the European Economic Area in trade volumes , constitutes a single free trading zone for approximately three hundred and sixty – five million consumers of these three countries

However , there was a significant boost to the economy of the US and Mexico (Brown Therefore , it can be stated , unequivocally , that the NAFTA , has by and large been a fiasco and the only beneficiaries have been the transnational corporations “North American Free Trade Agreement (NAFTA ” The New Dictionary of Cultural Literacy , Houghton Mifflin 2002

However , opponents to this contention have argued that the free trade brought about by the NAFTA has generated more jobs than it has destroyed in the US (North American Free Trade Agreement (NAFTA , 2002 There has been a marked increase in unemployment in the US

Paper Topic: NAFTA North American Free Trade Agreement The NAFTA agreement was signed in 1992 , ratified in 1993 and implemented in 1994

Furthermore , the NAFTA has actively taken up the safeguarding of intellectual property rights and compliance with the laws relating to the protection of such rights (North American Free Trade Agreement (NAFTA , 2003 The NAFTA has engendered bitter and persistent opposition

This was termed as the North American Free Trade Agreement or the NAFTA

Subsequently , sections on affording protection to workers and the environment were included (Vogel , 2007 An agreement was reached between Canada , Mexico and the United States of America , whereby a free trade zone was to be created between these countries

A meaningful decision regarding the various disputes besetting NAFTA has not been taken and it seems to have failed miserably (Tonelson , 2004 The consensus of most of the authentic reports has been that NAFTA has benefited only the transnational corporations

It has been instrumental in providing a platform for resolving trade related disputes amongst these nations

A number of collective bargaining organizations have highlighted the fact that the prevalence of abundant and comparatively cheaper labor in Mexico has prompted several manufacturers to shift their operations to that country

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