Module 8 Research Assignment.docx - MODULE 8 RESEARCH...

MODULE 8 RESEARCH ASSIGNMENT
Module 8 Research Assignment
Collat School of Business
MG: 415 QL – International Business Dynamics
George Munchus – Instructor
Submitted October 18
th
, 2020

2
What is a goal of each agreement? Which countries are participating in each agreement?
Summarize principal points of the agreement regarding tariffs, intellectual property,
FDI and minimum wages?
NAFTA – The North American Free Trade Agreement is a free trade agreement that established
a free-trade zone in North America and was signed in 1992 by Canada, Mexico, and the United
States. It took effect on January 1
st
, 1994. It immediately lifted tariffs on most goods produced by
the nations. “Incorporating property provisions in a trade agreement is to ensure that intellectual
law enforcement is consistent with free trade principles of market access and non-
discrimination.” (NAFTA) Cross-country data was used to assess the effect of the free-trade
agreements on the flows of FDI. The NAFTA agreement improved minimum wages in every
country this agreement took place in.
EU – The European Union has free trade agreements 72 countries. There are 41 trade