How has NAFTA helped the people in Mexico?

Answer 1

NAFTA has increased the number of outsourced production jobs in Mexico, because labor costs in Mexico are cheaper than in the US. This is because of the elimination of tariffs and transportation restrictions under NAFTA.

Answer 2

NAFTA demonstrates the benefits trade can bring to all countries. When NAFTA was implemented 10 years ago, it created the world's largest free trade area, which now links 426 million people in an area which produces more than $12 trillion worth of goods and services. examples of NAFTA's success: INCREASED EXPORTS AND INVESTMENT FLOWS ● All member economies have grown significantly from 1993-2003: · United States: 38% economic growth · Canada: 30.9% growth · MEXICO: 30% growth ● U.S. exports to Canada and Mexico grew from US$134.3 billion (US$46.5 billion to Mexico and US$87.8 billion to Canada) to US$250.6 billion (US$105.4 and US$145.3 billion respectively). ● Mexican exports to the United States reached over US$138 billion, while Mexican exports to Canada grew from US$2.7 billion to US$8.7 billion, an increase of almost 227%. ● Canada's exports to its NAFTA partners increased by 104% in value. INCREASED TOTAL TRADE AND BROADER ECONOMIC TRENDSRepresenting a free trade area with about one-third of the world's total GDP, the NAFTA economies are significantly larger than that of the European Union. Even with the addition of ten new members, the EU's GDP will still be well behind that of the NAFTA region. ● The dismantling of trade barriers and opening of markets have led to economic growth and rising prosperity in the United States, Mexico and Canada. ● The total volume of trade among the three NAFTA partners expanded from $289.3 billion in 1993 to $623.1 billion in 2003. ● Each day NAFTA countries conduct nearly $1.7 billion in trilateral trade. ● In the ten years since NAFTA, productivity rose 28% in the United States from 1993 to 2003, in Mexico up 55% and in Canada up 23%.

BENEFITS FOR ALL NAFTA PARTNERS MEXICO

● Wages in export-related industries are 37% higher than the rest of its economy. Mexican wages and employment tend to be higher in states with higher foreign investment and trade, and migration from those states is lower. Wages are also higher in sectors with more exposure to imports or exports.

● Two-way agricultural trade between the United States and Mexico increased more than 125% since NAFTA went into effect, reaching $14.2 billion in 2003 compared to $6.2 billion in 1993.

Answer 3

1. NAFTA has accomplished lowering peoples tax cost and making there house have less taxes if they work at car dealers.