NAFTA Trade Agreement Essay

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24-7-custom-writing-serviceNAFTA Trade Agreement Assignment

NAFTA Trade Agreement Paper

 

 

Trade agreements have the potential of creating opportunities for Americans and assisting in the growth of the United States economy. The trade agreements also provide proper avenues culminating in increased markets for United States exporters. The country has different agreements with over twenty nations such as Canada, Peru, and Israel. These agreements assist in protecting private investments, developing market-oriented regulations in partner states and promoting American exports (Villarea and Fergusson 4) Therefore, this paper will research, analyze and present the findings on NAFTA as an important American trade agreement.

NAFTA stands for the North American Free Trade Agreement. It was established in 1994. It created one of the globe’s biggest free trade zones and laid the foundations for stable economic growths for Canada, America, and Mexico. The trade agreement has demonstrated ways in which free trade improves competitiveness, wealth, and delivers real benefits to workers, consumers, families, and manufacturers. NAFTA also encompasses chapters that cover rules, customs procedures, agriculture, government procurement, and dispute settlement.

The main nations making up NAFTA are America, Canada, and Mexico. These three nations established NAFTA because they share common borders. Initially, before the agreement came into place, Canada and America had a trade agreement before Mexico joined culminating in the present NAFTA agreement. Latin America nations are the ones warming up to join NAFTA. Such countries encompass Venezuela, Colombia, Chile, and Argentina.

A comparison can be drawn between American and Canadian cultures. Canada boasts of two official languages, i.e., the predominant English and French. On the other hand, America has no official language but English being considered as the de facto language since it is spoken by over eighty percent of the population. Secondly, America is headed by the president while Canada, the prime minister. In matters of religion, American population is predominantly Protestant Christian while Canada lacks a major religion........................GET A PLAGIARISM FREE COPY