NAFTA

The Success or Failure of the NAFTA Agreement The NAFTA free trade agreement North America concluded between the governments of the United States of America, Canada and Mexico since its entry into force in January 1994 has laid the foundation to promote trade and economic growth in these countries to establish rules on the exchange of goods and services. Since entering into force this treaty has represented the increase in economic development and investment in the three countries and the creation of new jobs and a greater variety of consumer goods and services at better prices, thus benefiting companies, families, consumers and workers. The progressive removal of barriers to trade and open markets has favored economic growth and prosperity in all three countries. To remove trade barriers and open markets has encouraged companies to buy inputs to produce , plus it brings new technology that the country does not have this represents lower costs and prices available to consumers at the same time decrease progressive import tariffs is a benefit to consumers who pay less for the goods they buy . Although it is considered that NAFTA should be successful there are certain factors that represent a disadvantage as not all jobs were generated that had planned , there are many sectors that have benefited the most benefit being transnational and national companies that are best placed to be small and medium enterprises that have faced challenges due to increasing trade openness. I believe that NAFTA has brought more benefits and development for the country than disadvantages, and that exporting is also generating new jobs in the three countries, generates investment and development, this treaty has been successful because it has achieved compliance in part with a percentage of the objectives with which it was created but I think that there are still aspects to cover and that is insufficient to achieve all the welfare and development is desired.