What Is NAFTA?

Enacted in 1994, The North American Free Trade Agreement established a trade bloc among three North American countries: the United States, Canada, and Mexico. This agreement increased jobs and trade, eliminated a majority of trade tariffs, and decreased government spending. Unfortunately, it was also responsible for job loss in the U.S., as well as the exploitation of Mexican workers. Despite NAFTA’s serious disadvantages, free trade agreements are essential to developing nations; therefore, NAFTA can be deemed a success. The establishment of NAFTA created an array of advantages and disadvantages, with each contributing to the overall success of the agreement. One of the disadvantages of NAFTA is that hundreds of thousands of U.S. jobs were