Canada and Mexicos Viewpoints of NAFTA :: Free Trade Agreements Foreign Affairs Essays

Canada and Mexicos Viewpoints of NAFTAWhen the Canada/U.S. free make out agreement came into effect, theMexicans were very impressed by the training and opportunities that opened forboth sides. Mexico then approached the U.S., seeking to form a akinagreement with them. This brought forth a new-sprung(prenominal) issue in Canada, should they allowMexico and the U.S. form an agreement without them? Or should they participate,thus transforming their deal with the U.S. into a trigon agreement includingMexico.On June 12, 1991, the trade ministers of Canada, the United States andMexico met in Toronto to open negotiations for a uniting American justify TradeAgreement (NAFTA). This was an historic occasion. For the front time ever, adeveloping country agreed to sit deal with two industrial countries to craft anagreement that would open its economy to enough competition with the other twocountries. If successful, the agreement promised to make the whole NorthAmerican continent into one sparing zone and set an alpha precedent fortrade and economic cooperation between the wealthy countries of the North andless(prenominal) developed countries of the South. The challenge before them was bothexciting and daunting.A diminished more than a twelvemonth later, the three trade ministers met again inWashington, to put the finishing touches on a new North American still TradeAgreement. In just over a year the negotiators from the three countries hadsuccessfully met the challenge and put together a new trading frame work forNorth America. The North American Free Trade Agreement (NAFTA) was set to beimplied.The North American Free Trade Agreement often raises questions regardingthe new economic trading blocs slightly the world. The twelve-nation EuropeanCommunity (EC), a Central American free trade zone, and a four-nation SouthAmerican group, as head as prelude discussions regarding an Asian tradingbloc, all point to the feature that new economic realities already exist. NAFTApromises to have a major impact on the mountain in all three nations. thither willobviously be short-term costs of adjustment, which will certainly hit someindustries, regions, and workers harder than others. thither will be definitewinners in the agreement, and definite losers in the agreement. There counterbalancemight be disputes. Whether as workers, investors, consumers, or ordinarycitizens in all three countries they may be affected. The final verdict on theNorth American Free Trade Agreement, may in fact not fully be realized for manyweeks, months, or even years. However, in the following essay, the advantagesto both Mexico and Canada will be analyzed, as well as the disadvantages toMexico. It is safe to say that the advantages clearly outweigh the