The North American Free Trade Agreement Essay -- essays research paper

The North American Free Trade Agreement     Since the consume of this great nation in 1776, the unify States hasremained a dominant humans power in many aspects. The American standard of livinghas been the enviousness of the world, powered by an frugality rivaled by nearly no unity.Our economy continues to be the rock with which the global economy can lean on,as evidenced by nations that rely on huge reserves of the clam because of itsstability as a means of settling international debts. Unfortuneatly, condescension thesolidity that our economy is so often associated with, we have accumulated a 5trillion dollar (thats 9 zeros) national debt. Something has to be make aboutthis colossal problem to ensure that the United States retains its status as aworld power in the global economy. One springy gas pedal to help promote growth andneutralize the massive chronicle deficit and foreign debts is the North AmericanFree Trade Agreement. NAFTA, for short, is o ne positive effort that notsurprisingly, has met with the opposition of many. In light of this opposition,it is apparent(a) that NAFTA is accomplishing its primary goals and encouraging thegrowth of the American economy.     NAFTA negotiations began on June 11, 1990 when former chairperson GeorgeBush and Mexican President Carlos Salinas de Gurtari met to discuss thepossibility of revising incumbent trade policies. The thing that set the NAFTAapart from other trade agreements historically was that it was to be the firsttrade agreement entered into between two industrial countries and a developingcountry. By much of the world the NAFTA is often viewed upon as North Americasanswer to the European trading bloc. Many provisions of the NAFTA final payment theirroots in the Canada-U.S. Free Trade Agreement which became operational January 1,1989. A target objective was to create free trade between the United States,Mexico, and Canada rather than a comprehensive econ omic union such as that ofthe European Community. Whereas the EC dealt with monetary exchange rate issuesby implementing a standard in currency called the "Euro-Currency", the NAFTAwould be off limits to such control. uniform many issues today, this topic washotly debated. Many people vehemently argued that origin loss and low wages wouldplague the United States and Canada inflicting more defame on these two ... ...rs for projects such as nature preserves,solid desolate disposal, and the cleaning up of the Mexico-U.S. border. Anothergovernment agency that has been receiving a epochal increase in funds is theMexican equivalent of the United States EPA. supply concerning theenvironment and industry standards may escape NAFTA, but due to risepressure, they will not escape serious revamping at the national level.     In conclusion, NAFTA, the brainchild of George Bush and Salinas deGurtari, has many positive aspects that with a little press out could prove tobe a dynamic economic catalyst for this country. By using this export-led growthstrategy centered around a reduction in tariffs over a 15 year period, theappendage nations can achieve all that they hoped to. After about 2 historic period of NAFTA,the U.S. has shown formidable gains in its economy. To avoid problems thatcritics argue such as art loss and depletion of the environment, the U.S.,Canada, and Mexico can create policies on the national level to curb such thingsas these from happening. All in all, granted support from the constituencies ofthe fragment nations, NAFTA should be around for a while.