Down the Shafta with Nafta
The North American Free Trade Agreement (NAFTA) is a regional trade pact that calls for the elimination of all tariffs and trade barriers existing among Canada, Mexico, and the United States of America ("North...Agreement" 420). Some tariffs disappeared immediately when NAFTA took effect, while others will eliminate over a 15-year period. The pact also includes bilateral provisions intended to resolve sensitive issues between the partners.Supporters maintain that this regional integration venture would lead to benefits for North America much like those that accrued to the members of the European Community, because it would create a single market of 370 million people producing and consuming goods and services. For Canada, NAFTA extends the 1989 Canadian-American Free Trade Agreement and promises additional benefits for consumers, manufacturers, and the agricultural sector. For Mexico, the agreement establishes an agenda for continued progress and further economic reforms. For the United States, NAFTA is more ambiguous, since it pits businesses against labor unions and skilled professionals against unskilled factory workers concerned about losing jobs to Mexican laborers if US comp
November 1998. n. pag. Online. Shawnee State University Beartrack. 3 July 1999. Available: www.shawnee.edu. The environmental repercussions of increased activity includes an increase in the creation of hazardous waste, much of which the report says "is simply washed down the drain" (NAFTA's Broken n. pag.). Only 70 of the 352 industries generating hazardous waste report proper disposal. Public Citizen quotes Oscar Canton Zetin, chair of the Mexican Ecology Commission, who said, "Each year, seven million tons of toxic waste are, without controls, illegally dumped in drains and marine waters. Only 1 percent are under surveillance in the country" (Zetin qtd. in NAFTA's Broken n. pag.). Another health issue affecting the pact is the spread of waterborne infectious disease. Representative Ron Coleman argued that passage of NAFTA would help curb waterborne infectious disease, Before the 1988 Canada-US Free Trade Agreement and NAFTA, Canadian wheat imports to the US - a major wheat producer and exporter - were virtually zero. Five years after NAFTA, the US is Canada's number two export market for wheat. US imports of Canadian spring wheat increased 2,000%, to 1.45 million tons, from 1990 to 1997. The Canadian wheat flood has taken its toll on US wheat farmers, who are prevented by NAFTA from imposing new quotas, imposed on Canadian wheat in 1994, have been lifted. The North American Free Trade Agreement calls for several benefits in key service sectors. Expanded trade in financial services is one example. Due to NAFTA, Mexico has opened its financial services markets to US and Canadian banks and securities firms, which allows these new participants to "establish wholly owned subsidiaries and engage in the same range of operations as similar Mexican firms" (North American...Perspectives 24). Because transitional restrictions will be phased out by January 1, 2000, Mexico's ability to place future constraints on foreign-owned firms will be limited. Other financial services, including leasing and consumer finance, have already established operations in Mexico and are not subject to any limitations. In addition, Mexicans and Canadians are guaranteed the right to purchase financial services from firms in the United States.
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Approximate Word count = 3988
Approximate Pages = 16 (250 words per page double spaced)
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