struggling Canadian economy would feel the effects.
Conclusion
In conclusion of my research on NAFTA from its historical beginning to the present, the
future of North America Free Trade Agreement stands at a crossroad. There have been clear
benefits for the U.S., Canada, and Mexico throughout the past 22 years of its existence. From job
growth, foreign investments, and increased trade among the three countries. Research has also
shown that there are disadvantages that have effected possible American jobs and Companies
going abroad for the benefits of lower labor cost and VAT tax. Economist has debated with all the
changes in technology and other factors, such as trading with other foreign countries such as
China. NAFTA has drawn the attention of the United States President Donald Trump, he has
planned to work with Canada, and Mexico renegotiates the free trade agreement. The meetings
are scheduled, and the three countries are all willing to make changes to NAFTA that are
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reasonable for all included parts. It is yet to be known the outcome or the possible effects that the
renegotiations will have on The North America free trade Agreement and if U.S. will stay or
withdraw. In hopes for growth of the United States economy and jobs for the American people,
NAFTA renegotiations could be just what our country needs. Time will tell….
References
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Amadeo, K. (2016, November 30). What Is the History and Purpose of NAFTA?
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Collvin, J. (2015, September 25). GOP front-runner Donald Trump calls NAFTA trade
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says-hed-break-it
Lanthemann, M. (2014, January 7). NAFTA and the Future of Canada, Mexico and the
United States. Retrieved January 25, 2017, from
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Mcbride, J., & Sergie, M. A. (2017, January 24). NAFTA's Economic Impact. Retrieved
January 25, 2017, from
NAFTA, 20 Years Later: Do the Benefits Outweigh the Costs? (2014, February 19).
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(n.d.). Retrieved January 25, 2017, from
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Sherman, E. (2016, December 06). NAFTA Is Here To Stay, Even Under Trump.
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