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Nafta: A Brief Introduction. ... NAFTA is in a sense a Trojan horse, attractive
outwardly but filled with a host of unpleasant surprises. ...
NAFTA. ... NAFTA is now the largest free trade zone with more than 406 million
people producing more than 11 billion goods and services. ...
NAFTA. ... NAFTA (North American Free Trade Agreement) was the agreement to
have free trade between Canada, United States and Mexico. ...
Why NAFTA Isn't Good For the US. WHY NAFTA ISN’T GOOD FOR THE US Do you
hear that mysterious sucking sound toward the south? If ...
the history of nafta. ... Some economists argue that NAFTA has increased
concentration of wealth in both Mexico and the United States. ...
Submitted by oppapers on November 25, 2000
Category: Business
Words: 8025 | Pages: 33
Views: 1317
Popularity Rank: 3,101
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NAFTA Five Years of Failure By: Jeff Dotson In December of 1992, Presidents Salinas (Mexico), Bush (U.S.) and Prime Minister Brian Mulroney of Canada signed the North American Free Trade Agreement (NAFTA). The Mexican legislature ratified NAFTA in 1993 and the treaty went into effect on January 1, 1994, creating the largest free-trade zone in the world. NAFTA's promoters promised 200,000 new jobs per year for the U.S., higher wages in Mexico and a growing U.S. trade surplus with Mexico, environmental clean-up and improved health along the border. The reality of the post-NAFTA surge in imports from Mexico has resulted in an $14.7 billion trade deficit with Mexico for 1998. By adding the Mexican trade deficit to the deficit with Canada, the overall U.S. NAFTA trade deficit for the year 1998 is $33.2 billion dollars. In the last five years we have gone from a pre-NAFTA trade surplus of $4.6 billion with Mexico to a $14.7 billion deficit. Using the Department of Commerce trade data in the formula used by NAFTA proponents to predict job gains, the real accumulated NAFTA trade deficit would translate into over four hundred thousand U.S. jobs lost. A number of companies that specifically promised to create new jobs actually laid workers off because of the agreement. Allied Signal, General Electric, Mattel, Proctor and Gamble, Scott Paper and Zenith all made specific promises to create jobs, and all have laid workers off because of NAFTA as certified by the U.S. Department of Labor's special NAFTA unemployment assistance program (NAFTA TAA). (1) These are not the only companies who broke their promise of new jobs. In February 1997, Public Citizen's Global Trade Watch conducted an investigation of companies that had specifically promised that they would create jobs if NAFTA were enacted in 1993. Of the 67 companies studied, 60 had not created jobs or even increased their exports to Mexico. When we look at the goods exported from the U.S. to Mexico, we must understand that...
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