FALLSEM2015-16_CP0924_07-Sep-2015_RM01_The-North-American-Free-Trade-Agreement - The North American Free Trade Agreement(NAFTA NAFTA is a 1994 agreement

FALLSEM2015-16_CP0924_07-Sep-2015_RM01_The-North-American-Free-Trade-Agreement

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The North American Free Trade Agreement (NAFTA) NAFTA is a 1994 agreement to removes taxes on products traded between North American countries (US, Canada and Mexico). Key Points NAFTA protects copyright, patents and trademarks between the three countries. It was updated with the North American Agreement on Environmental Cooperation, which helped reduce pollution and set more environmental regulations. Since NAFTA took away taxes between products traded between the US, Canada and Mexico, Mexico has been buying more products from the US. Some say NAFTA has been positive for Mexico, which has seen poverty rates fall and real income rise, while others argue that NAFTA has had negative impacts on farmers in Mexico who saw food prices fall based on cheap imports from the US. Terms Mexican factories that take in imported raw mateirals and produce goods for export. Foreign direct investment direct investment into production in one country by a company in another country, either by buying a company in the target country or by expanding operations of an existing business in that country.
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NAFTA The North American Free Trade Agreement (NAFTA) is an agreement between Mexico, the United States and Canada. The agreement was signed by US President George H.W. Bush, Canadian Prime Minister Brian Mulroney, and Mexican President Carlos Salinas on December 17, 1992 in San Antonio, Texas, and took effect on January 1, 1994.
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