NAFTA
On January 1, of 1994 a new approach to trade amongst North American countries took effect. With the aid of the United States Congress, President Bill Clinton was able to form a contract between the North American Countries of Canada, Mexico, and The United States of America. This contract, known as the North American Free Trade Agreement, or NAFTA for short, was designed with many economic results in mind. Hopes were that not only would trade be easier, cheaper, and more abundant for all countries involved, but also economic wealth and growth would follow. Support for NAFTA was split among most citizens of this country. One side seeing the proposal as having the potential for great economic success in each country involved. The other side proclaiming that this plan would be unfavorable to United States employment.Nearly six years after coming into effect the question still remains, "Is NAFTA in the best interest of the United States and what can we expect of it in the future?" Since the implication of free trade between the three countries of North America back in 1994 the effects of that agreement are just now becoming apparent, both short term and long term. There was little doubt that both Canada and Mexico would ben
Union comparisons show jobs paying $10. After all, the United States has long been the major consumer of exported goods in both countries. Not only did removing the tariffs make it possible for companies and manufacturers of Canada and Mexico to increase profits, it also lowered the price of foreign goods. Along with the fear of Mexican producers outperforming American, is that along with lower prices come lower product standards. Businessman and publisher Steve Forbes with hopes of not only strengthening economies globally but also improving relationships in NATO is pushing this agreement. Many of the arguments come from members of towns across the United States that have lost jobs to Mexican wages, or are the product of disbelieves in a foreign trade that could weaken the United States' sense of Nationalism. having already been the major importer to both countries now seemed to have a greater impact on their economy. The everyday consumer often takes into account the quality of a product, as well as reputation of its manufacturer, and makes his/her decision on which is most practical. As for the United States the effects were somewhat as predicted still having many supporters and many doubters. These profits were foreseen as long-lasting economic boosts in their respective country. Leaving only a lesser standard of living available. With American companies having to meet a minimum wage rate they are not able to sell products as cheaply as some Mexican producers are.
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Acceptance Essays
