US-Canada Free Trade
Canada-US Free Trade Agreement can be said as one of the major affair in the modern Canadian history. There are many different views of this issue; some would say Canada enjoys a huge advantage from it. "The Canadian prime minister proclaimed that the new agreement would result in a net increase of 350,000 jobs"1 In the other way, other would say Canada is the victim of this issue. From the view of most Canadian, the lost from the free trade must be more than the gain. That is because right after the agreement has established, Canada has stepped into a small recession period, unemployment has became a major issue, businesses move away from Canada. This essay is divided into three roughly parts, which looks at the issues of economy, human, and environment; besides it can be stated that the Canada-US Free Trade Agreement is not a good deal for Canada. On January 1, 1989, the Canada-US Free Trade Agreement has finally been came into effect. Later on, North Amer
BARLOW, MAUDE. 1990. Parcel of Rogues, How Free Trade is failing Canada. Toronto: Key Porter Books Limited. Canada is a resources rich country, and many people are depending on the natural resource industry. Under the free trade agreement, our government is constrained to regulate exports and imports of resources, also the use of local and regional development strategies, subsidies and environmental standard are being constrained too. As the meaning of the name, free trade is to remove the government controls or regulation on economics activity that affect trading between US and Canada. The most important issue is the elimination of tariff for the import and export between Canada and US. However, right before the free trade agreement has been established, the tariff collected by Canada is much more than the US. It is clearly that the FTA results a directly economic loss for Canada. There is not the only concern, but several other issues has brought out indirectly. Another major concern for a business is the taxation from the government. As everybody knows, Canada is a high tax rate country. Due to the relatively small population, large land mass, and our reliance on resource industries, Canada has to take more tax to support all the necessary public services. As the free trade agreement has been established, basically there is no difference to do business in either the US, Mexico or Canada. This leads to the relocation of companies from Canada to either US or Mexico. "92 percent of all new businesses established in Buffalo in 1989 were started by Canadians."3 Also, some US companies who have subdivisions in Canada do not have to keep office in Canada in order to eliminate the tariff anymore. As investments move out from Canada, economy will turn bad and living standard in Canada will be lowered too. In Metro Toronto, for instance, the number of welfare cases has increased at an annual rate of 20 percent. Beginning the same year, the federal government impo
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Approximate Word count = 1345
Approximate Pages = 5 (250 words per page double spaced)
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