History Of The North American Free Trade Agreement Essay

The NAFTA Controversy The purpose of this document is to explore the history of the North American Free Trade Agreement (NAFTA), the effects NAFTA has had on Canada, the United States of America (specifically American labor and job market) and Mexico. It will also delve into the current state of NAFTA, the advantages and disadvantages to American economy and what the future holds for this historic trade agreement. NAFTA has effected many parts of the world and not just the three countries who originally signed the agreement. It has caused several negative effects for many, especially citizens of the United States; but what evidence is there of this claim. Before jumping into the evidence for or against NAFTA, let’s look at the history as this will bring some perspective to the event. The roots of NAFTA stretch back well before its signing in induction in 1994. Many believe that the true origin of the idea of having a free trade agreement with Northern, and Central America began with the signing of the Trade and Tariff Act in 1984 in the USA congress. The Trade and Tariff Act was important as it lent the President of the United States of America the ability to expedite the process of creating trade deals, leaving the USA Congress the opportunity to approve or disapprove the proposal. This idea was pushed by Ronald Reagan and passed. Reagan then began collaborating with the then Canadian Prime Minister, Brian Mulroney, who signed an agreement of free trade betweenShow MoreRelatedEssay about The History of the North American Free Trade Agreement1169 Words   |  5 PagesIn 1994, three countries formed the world’s largest free trade zone. This free trade zone was called The North American Free Trade Agreement (NAFTA). This organization was founded by Canada, the United States, and Mexico. 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