NAFTA_And_Its_Benefits

NAFTA And Its Benefits On June 12, 1991, the trade ministers of Canada, Mexico, and the United States met in Toronto, Canada to open negotiations for the North American Free Trade Agreement (NAFTA). It was an agreement between the three countries that would gradually remove all tariffs and other trade barriers on most goods produced and sold in North America. If successful, the agreement promised to make the whole North American continent into one economic zone. A little more than a year later, the three trade ministers met again in Washington, to put the finishing touches on the agreement. In just over a year the negotiators from the three countries had successfully met the challenge and put together a new trading frame work for North America. And on January 1, 1994, the North American Free Trade Agreement was passed. NAFTA promised to have a major impact on the economies of the three nations. The results of NAFTA have proven to be beneficial for the economies of Canada, Mexico, and United States. Canada's goals in the negotiation of NAFTA were very simple. They wanted to improve their access for their goods and services to Mexico and the United States. Canada wanted nafta, mexico, canada, trade, services, canadian, north, mexican, market, agreement, products, firms, economies, competitiveness, american, new, free, exports, canada's, united, states, important, very, tariffs, goods, countries, america, access, under, three, one, cost, border, able, transportation