A Brief History of NAFTA

A Brief History of NAFTA - A Brief History of NAFTA...

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A Brief History of NAFTA Jennifer Edwards Prof. Corrigan International Trade December 13, 2010
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“NAFTA is short for the North American Free Trade Agreement. NAFTA covers Canada, the U.S. and Mexico making it the world’s largest free trade area.” (Secretariat, 2010) “NAFTA was launched 15 years ago to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace.” (Secretariat, 2010) “NAFTA was signed by President George H.W. Bush, Mexican President Salinas, and Canadian Prime Minister Brian Mulroney in 1992.” (Secretariat, 2010) “It was ratified by the legislatures of the three countries in 1993. The House approved it by 234 to 200 on November 17 and the Senate by 60 to 38 on November 20.” (Secretariat, 2010) “It was signed into law by President Bill Clinton on December 8, 1993 and entered force January 1, 1994.” (Secretariat, 2010) “Although it was signed by President Bush, it was a priority of President Clinton's, and its passage is considered one of his first successes.” (Secretariat, 2010) “The force for NAFTA came about because President Ronald Regan in 1984, passed the Trade and Tariff Act, because it gave the President authority to negotiate free trade agreements, while only allowing the ability to
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approve or disapprove, not change negotiating points. Canadian Prime Minister Mulroney agreed with Reagan to begin negotiations for the Canada-U.S.” (Secretariat, 2010) “Free Trade Agreement, which was signed in 1988, went into effect in 1989 and is now suspended due to NAFTA.” (Secretariat, 2010) “Meanwhile, Mexican President Salinas and President
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