logo

Who Passed The Nafta Agreement

« I never thought I`d vote for a trade deal during my tenure in the Senate, much of which I wrote, » said Senator Sherrod Brown, a Democrat from Ohio, whose vote in favor of the pact was his first in favor of a trade deal in a quarter of a century. Brown welcomed the move after the language of labour application developed by him and Senator Ron Wyden, a Democrat from Oregon, was included in the final agreement. While NAFTA is a matter of trade, not immigration, Cameron believes it has followed the agreement`s 25-year history. « When it comes to climate change, the agreement still contains many of the same defects of the original Nafta I voted against, » Schumer said in a statement Thursday. When the USMCA was first announced the day after the agreement, it was said that the agreement would eliminate the customs risks of goods worth about $1.2 trillion per year. In 1984, Congress passed and concluded the Trade and Tariff Act, which was itself based on the old Trade Act of 1974. The Act gave « rapid » power to negotiate bilateral free trade agreements and streamline negotiations. The North American Free Trade Area that created the agreement will produce 25% more goods and services than the European Community, giving North America sufficient economic strength to challenge the emerging single market in Europe and an East Asian market dominated by Japan. NAFTA will also provide Americans with cheaper products and increase U.S. exports by making them more affordable for the rest of the world. In addition, it is estimated that 200,000 new jobs will be created for Americans, that illegal immigration from Mexico will be reduced, that drug trafficking will be combated, that Mexican democracy and human rights will be strengthened and that they will serve as a model for the rest of the world. Create a framework for the continuation of trilateral, regional and multilateral cooperation to expand and enhance the benefits of this agreement.

NAFTA represents the North American Free Trade Agreement, negotiated by former U.S. President George H.W. Bush, which came into force in 1994 under President Clinton. The agreement exists between the United States, Canada and Mexico and was originally created to reduce trade costs and strengthen North American trade. The agreement eliminated almost all tariffs and taxes on imports and exports. The agreement also frees the three countries from trade barriers. Under NAFTA Article 102, there are 6 stated objectives of the treaty. Let`s look to the future.

President Clinton should take advantage of the free trade dynamics given to him by the conservatives and reaffirm his support for free trade agreements with other Latin American countries, namely Chile, Argentina and Venezuela. He wisely expressed support for George Bush`s vision of a company for America to create a free trade area from Alaska to Antarctica. Latin America is the fastest growing market for the United States and the only region where America has a trade surplus. Every Latin American leader, from Carlos Menem in Argentina to Patricio Aylwin in Chile, has spoken out in favour of free trade with the United States.



Les commentaires sont fermés.

YOU MAY LIKE