Flashcards in NAFTA Deck (6)
Who was it signed by and when?
USA, Canada and Mexico in 1994
What are its 4 main aims?
-gradual elimination of trade barriers
-promotion of economic competition
-increased investment opportunities
What has happened to trade between member countries?(+/ve)
It has tripled between 1993 and 2007
What do Mexican workers receive?(+/ve)
Higher wages, and increased sales from agriculture reduces migration
What has happened to some Canadian companies?(-/ve)
They have closed because of competition from lower cost US firms