A1 Environmental was concerned Canada has better environmental standards than

A1 environmental was concerned canada has better

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Q: What else needs to be negotiated/standardized between countries in a free trade area? A1: Environmental was concerned Canada has better environmental standards than Mexico, so they wanted Mexico to improve their environmental conditions A2: Consumer protection Don’t want products like medicine or kids toys that are toxic coming into your country and killing your people A3: Copyright laws Impacts of NAFTA Massive job/industry movement to Mexico o Maquiladoras – factory towns in Mexico on US border o Producing things on the border and using Mexico’s cheap labor, but also making it easier for the US to transport these goods because the trucks can drive right up to the border Increased jobs/salaries and GDP in Mexico o Opening up free trade allowed Mexico to become richer Increased US exports to Mexico o Since Mexico became richer, they were able to buy more US goods o Eating more meat because they had more money, and the beef people in North America is the US The US produces a lot of cheap beef, but Mexico was buying A LOT Certain sectors of economy in all 3 countries were recalibrated or eliminated o The meat and milk industry in Mexico cannot compete with those same industries in the US Un-industrialization of the North Eastern US
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o Many of the things that were being made in North Eastern US were moved south of the border to take advantage of Mexico’s cheap labor o Ross Perot – 1992 presidential election Against NAFTA Trade increased for all 3 countries o Imports and exports grew for all 3 countries Canada especially – grown every single year since NAFTA was passed Why would the US be a part of this? Richer than the next 5 economies put together $14 trillion GDP every year The US wanted to get a little richer and wanted to have more US jobs o Wanted GDP to go up, even though they are the richest in the world o Growing EU – adding new members and trade is increasing, GDP is getting bigger o China is growing wildly fast, India is growing fast as well, Asian trade blocks are growing faster than NAFTA and the EU Pushing for another trade block DR-CAFTA (Dominican Republic Central America Trade Agreement) o Want to merge that into FTAA (Free Trade Area of the Americas) – North, Central, AND South America The US pushed for this during both Bush administrations
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  • Fall '08
  • International Trade, North American Free Trade Agreement, World Trade Organization

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