Nafta Myth Fact - NAFTA Facts

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NAFTA Facts Office of the United States Trade Representative www.ustr.gov March 2008 NAFTA – Myth vs. Facts Myth #1: After 14 years, we know NAFTA has not achieved its core goals of expanding trade and investment between the U.S., Canada, and Mexico. Fact: From 1993 to 2007, trade among the NAFTA nations more than tripled, from $297 billion to $930 billion. Business investment in the United States has risen by 117 percent since 1993, compared to a 45 percent increase between 1979 and 1993 1 . Myth #2: NAFTA has cost the U.S. jobs. Fact: U.S. employment rose from 110.8 million people in 1993 to 137.6 million in 2007, an increase of 24 percent. The average unemployment rate was 5.1 percent in the period 1994-2007, compared to 7.1 percent during the period 1980-1993. Myth #3: NAFTA has hurt America’s manufacturing base. Fact: U.S. manufacturing output rose by 58 percent between 1993 and 2006, as compared to 42 percent between 1980 and 1993. Manufacturing exports in 2007 reached an all time high with a value of $982 billion. Myth #4: NAFTA has suppressed U.S. wages.
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This note was uploaded on 06/03/2010 for the course AMERICAN S internatio taught by Professor Matera during the Spring '10 term at Uniwersytet Łódzki.

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Nafta Myth Fact - NAFTA Facts

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