bus280WA3 - Writing Assignment 3 2) NAFTA, or the North...

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Writing Assignment 3 2) NAFTA, or the North American Free Trade Agreement, was developed so that there would be a new large free market mainly with the U.S., Canada and Mexico. The results for the U.S. have been that we have dramatically increased trade between Mexico and Canada since its inception. The U.S.’s imports from Mexico have increased by over 20% since it was created. The U.S. has gained help with some of its major companies developing manufacturing and assembly plants in Mexico to help with costs and production of products. 3) The basis of the EU started back in the 40’s after the end of World War 2, when cooperation was being lent amongst many of the countries and they formed the Organization for European Economic Cooperation (OEEC). By the mid 1980’s, many of the countries were experiencing problems with the OEEC’s principals because of border restrictions and labor certification problems. Eventually in 1991, a treaty called the Maastricht Treaty created the European Union starting in 1994 to help with a common economic and monetary union between member countries and to help move toward a political union with common policies. There are over 27 countries currently and other countries are petitioning to join the union like Montenegro, Albania and Serbia have all applied
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This note was uploaded on 07/12/2011 for the course BUS 101 taught by Professor Noname during the Spring '11 term at Albany State University.

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bus280WA3 - Writing Assignment 3 2) NAFTA, or the North...

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