0
What impact has the North American Free Trade Agreement has on Mexico and Canada?
Wiki User
∙ 10y ago
NAFTA was the North American Free Trade Agreement. It was an agreement signed by the United States, Mexico, and Canada to form a trilateral trade bloc in North America. The proposal was extremely divisive in both countries, but it eliminated tariffs and protected the intellectual property rights of goods traded.
Wiki User
∙ 9y ago
Wiki User
∙ 10y agoIn the case of Canada, it has helped the Canadian industry to have a bigger integration into the US business cycle.
In the case of Mexico, it opened a large market for exports (the United States) and actually forced Mexican industry to compete against global markets.
In both cases, NAFTA also forced local growers to compete against highly subsidized American farmers. In the case of Mexico, this competition put many growers out-of-business, becoming illegal immigrants into the US.
Wiki User
∙ 14y agoDecrease trade restrictions in the Americas
Add your answer:
Earn +20 pts
What has the author Jim Rubingh written?
Jim Rubingh has written: 'Potential impact of the North American Free Trade Agreement on U.S. and Colorado agriculture' -- subject(s): Agriculture, Agriculture and state, Canada, Canada. 1992 Oct. 7., Economic aspects, Economic aspects of Agriculture, Government policy, Produce trade
Studies indicate that NAFTA's overall impact has been?
Studies indicate that NAFTA's overall impact has been small but positive. NAFTA stands for the North American Free Trade Agreement.
Has Mexico made an impact on Australian eating habits?
No mexico has not had any impact on australian eating habts
What impact did the American Revolution have on Canada?
Canada was affected by it because the Loyalists from the 13 colonies that left the 13 colonies went to places that are now called ontario,quebec, and nova scotia.
What impact did Christopher Columbus have on Canada?
Christopher Columbus did not have an impact on Canada, BUT he did make an impact to america by opening the way to the new world .
What impact did Scott Moir and Tessa Virtue make on Canada?
They won Canada a gold medal in ice dancing...quite an impact!
How does the impact pacific ocean impact Canada's pacific coast region?
ftgdfd
Which country was the biggest crator found in?
in which country did the biggest meteorite hit The biggest craters can be found in Canada, in the Canadian shield. However the evidence of the biggest impact is in Mexico at the tip of the Yucatan Peninsula.
What country has the greatest impact on Northern Mexico?
The United States has the largest impact on Northern Mexico. The main reason it is the largest customer and business partner of the industries located there.
What impact did the Upper Canada Rebellion have on Canada?
The impact giant. it allowed the french to be, simply put, french. It allowed them to have their religion and french laws and trading.
How long standing was the Canadian confederation's impact?
The impact of Canada's Confederation continues to this day.
What is an Amero?
It is the hypothetical currency that a "North American Union" between Canada, the United States and Mexico would use. Right now however, a "North American Union" with the Amero as currency is impractical, and at least for the next 20 years, such union and currency are the stuff of conspiracy theories. Canada and the United States are very well integrated on economic, cultural and demographic terms (both are developed countries with common cultural traits). A North American Union is almost impossible to implement at this time, due to Mexico's characteristics. From an economic point of view, Mexico is a developing country, with a much lower income per capita than either Canada or the U.S. A Mexican earns on average a third of what a Canadian does and a quarter of what an American earns (US 13,500 vs 38,300 vs 46,400). If Mexico is ever integrated into such union, many issues would arise, such as trying to absorb 47 million workers (the Mexican workforce) and level up their wages. The easiest way to level the wages of all three countries would be to lower the wages of Americans and Canadians alike; this of course is a major stopper for such integration. Another problem is the Mexican laws. They differ greatly from Canadian and American laws, and although this theoretically should not be an issue, it could have a great impact on the three economies. For instance, Mexican environmental laws are much more relaxed. This would prompt many industries in Canada and the States to migrate to Mexico, thus implying a great job loss. Many Unions in Canada and America are making their best to stop such kind of integration.
