Nafta Research Papers Samples For Students

The North American Free Trade Agreement or commonly called “NAFTA” is a three party trade agreement between Canada, Mexico and the United States. The general purpose of this trade agreement is to reduce, if not totally remove, trade barriers among the said countries. NAFTA also aims to facilitate the movement of goods and services across these North American borders. It also intends to increase investment prospects, encourage fair competition, and implement intellectual property rights in each of the party's territory (Peach & Adkisson, p. 1).

Article 102 of the NAFTA agreement describes its specific purpose as follows:

Award Mexico, Canada and the United States with the Most Favored Nation status.
Reduce ...

Political Science: Globalization and Trade

Impacts of NAFTA on the Member States
NAFTA is a free trade agreement that was enacted in the year 1994 and signed by President Bill Clinton. The focus of this agreement is to abolish numerous tariffs that are imposed on products traded among three countries United States, Canada and Mexico (Mary E. Burfisher, Sherman Robinson, and Karen Thierfelder. 2001). In this paper the impact of NAFTA on the member states have been discussed in detail. Some groups advocates that NAFTA is exerting positing influence on its members while the others advocates that it is exerting negative influence on the ...

Abstract

Mexico is the world’s 12th largest economy in terms of Gross Domestic Product ($1.657 trillion), growing at an average rate of 3.8% annually. With a 47.7 million labor force, Mexico has GDP per capita of $15, 100 which is the 81st highest in the world. Mexico’s leading industry include food and beverages, tobacco and cigarette production, chemicals, iron and steel manufacturing, petroleum, mining, textiles, clothing, manufacture of motor vehicles, consumer durables, and an active tourism sector. Ninety percent of Mexico’s trade is under free trade agreements with countries from the whole North America, most of Central America, ...

Over the years, neighboring countries have tried to form trading alliances with the aim of consolidating their ties and assist in exploitation of their potentials before they expand their operations to the rest of the world. As a result of the attempt, two or three countries come together to form a trading block. Trading blocks are highly influential as far as political and economic relations of member states are concerned. Some trading blocks are strongly influential within their regions of operations and beyond, in both political and economic aspects. For example, European Union which forms the largest trading block across the ...

Regional Economic Integration

Regional Economic Integration refers to the creation of agreements among the countries within the same geographical areas, which aims to enhance economic and political cooperation. Its initial purpose is to reduce or remove trade barriers in the region, while the scope of the agreement can also include further areas for cooperation. It is possible to identify several kinds of regional economic integration, which depend on the degree to which countries want to sacrifice their sovereignty in favour of collaboration and barrier reduction. The least restrictive form of economic integration is the so called “preferential trade area”. It implies a partial ...

Trade increases the economic growth and GDP of a country and also fosters great relationships between countries. Over the years there has been the formation of regional trading blocs to enhance trade among neighboring countries. They have been successful however there are challenges that have to be continually addressed.

North America Free Trade Area (NAFTA)

NAFTA refers to the North America Free Trade Area that brings together the countries of Canada, Mexico and the United States. The trilateral trade area came into force in 1994 when President Bill Clinton signed on the agreement. The agreement called for the phasing out of the tarriffs that existed among ...

Mexico is the world’s 12th largest economy in terms of Gross Domestic Product ($1.657 trillion), growing at an average rate of 3.8% annually. With a 47.7 million labor force, Mexico has GDP per capita of $15, 100 which is the 81st highest in the world. Mexico’s leading industry include food and beverages, tobacco and cigarette production, chemicals, iron and steel manufacturing, petroleum, mining, textiles, clothing, manufacture of motor vehicles, consumer durables, and an active tourism sector.

Ninety percent of Mexico’s trade is under free trade agreements with countries from the whole North America, most of Central America, ...

The North American Free Trade Agreement (NAFTA) and the European Union (EU)

Trading blocs are imperative for the purpose of opening markets and boosting economic growth. Most of regions in the world have come together for the purpose of addressing issues of increasing trade. The North American Free Trade Agreement (NAFTA) forms quite an Integral part in the history of Mexico, Canada and United States. The government of United States, Canada and Mexico signed the agreement which led to the creation of trilateral trade in the region of North America. The agreement was implemented on January 1st 1994. The agreement was supposed to assist the three countries develop their economic interests ...

Regional Analysis

According to De Lombaerde and Van Langenhove (2007), regional integration is a scheme that connects states to foster interaction between their local and regional components to form an organization that conforms into a state-led organization. Regional integration also pertains to the joining of various states within the region to create a larger entity. The success of regional integration depends on the state’s willingness and loyalty to the regional group, sharing their sovereignty and openness in accepting policies that would require them to open their sovereignty. Integration deeper than the average connection is noted to be very difficult if it pertains to ...

Aside from political reform and development, the international community has also been busy in creating new means to stimulate growth and economic sustainability. Proposals such as reduced tariff, removal of trade barriers, and the introduction of free trade were pronounced by either developed or developing countries. In Latin America, free trade has been a fundamental aspect of the market reforms carried out in the region; however, the results have varied especially with the onset of globalization and the lingering effects of tariff reduction. Some believe that having trade reform to a growing and a potential economy such as Latin America can sustain ...

Introduction

The Buy American act was passed in the year 1933 and applies to all United States government purchase of goods that are valued above the micro-purchase threshold. It, however, does not apply to the services. The act states that all goods meant for public use and either fully or partially funded by the American Recovery and Reinvestment Act (ARRA) must be produced in the United States and all the manufactured goods must be manufactured in the United States. Section 1605 of the ARRA clearly states that not a bit of the funds provided by the act may be used to ...

Introduction

This paper develops a discussion of how social constructivism, as a theory in international relation, can be applied to the European Union. Since its inception in the 50, the EU has continued to grow and increase in member states. This expansion and unity can be explained using various approaches, however, the primary focus of the paper is application of social constructivism to the European Union.

Theoretical framework of social constructivism

The initial point of social constructivism into the international relations was through a clarification of epistemology and ontology of the earlier schools of thoughts. Through epistemology, social constructivists have managed to gain considerable legitimacy including explanation, causality, ...

Water: Threats and actions in Texas

Water is one of the world’s most wondrous and versatile resources. Water serves the needs of a diverse set of industries, from agriculture, sanitation, and household uses. It is also used to power electric power plants, crop irrigation needs, creates habitats, and satisfies the thirst of all living things on the planet. Though water such as sea water comes in abundance, it is a different story for freshwater.
Freshwater, compared to seawater or other sources of water, is extremely limited and scarce. In fact, it is one of the major challenges facing the international community. The planet is estimated ...

United States of America and the Republic of Korea

Free Trade Agreement between the United States of America and the Republic of Korea
Executive Summary
Last March 15, 2013, the United States–Korea Free Trade Agreement (KORUS FTA) celebrated its first year anniversary. As it is with major trade agreements in the world, the anniversary of the KORUS FTA was eclipsed by the many debates on the agreements impacts, benefits, costs, ramifications and potential and protracted negotiations and renegotiations potential. Both the United States and South Korea state that the KORUS FTA is in fact delivering on the projected economic promises, citing the increase in the ...