NAFTA's Economic Upsides.

NAFTA

Is the NAFTA Agreement beneficial to all three countries involved? Or can expansion, such as the Trans-Pacific Partnership, bring more wealth to these countries or destroy what NAFTA has created for over 20 years?

The North American Free Trade Agreement (NAFTA) is an agreement between Canada, USA, and Mexico that has eliminated tariffs between these nations on agricultural and industrialized goods. All these nations have benefited from NAFTA economically. This cross-border investment has benefited all parties involved with more jobs, a thriving wealth in travel, and, the import and export of goods among these nations. However, critics state that NAFTA is “Mexico’s gain and America’s pain”. Mexico buys more U.S. goods than many other nation, but could it be a cost on American jobs? NAFTA has created an argument over the increase or decrease of jobs in the U.S. Overall, NAFTA seems to bring wealth to these nations. With NAFTA’s economic success, the author, Carla Hills, argues that to build on this success, North America needs to open their markets to other nations. Therefore, the article wealth to each nation for introduces theTransatlantic Trade and Investment Partnership with 28 countries that make up the European Union (EU). This new agreement should bring wealth for North America because its opening up the market to other nations that eliminates tariffs. Sounds like a great idea? Or is it?

The NAFTA Agreement is an excellent agreement each side of the parties involved are benefiting economically. NAFTA is related to General Agreement on Tariffs and Trade (GATT), where capitalist countries came together to lower tariff and to encourage trade. These nations do not have to pay tariffs to trade goods among each other. NAFTA has created immigration, people traveling for business or in look for opportunities among the three nations. I don’t understand why people can be so against immigration when we create agreements like NAFTA that cause immigration. For example, maybe a business in Mexico wants to start an office in the US, this business is going to send people from their business to administer that office. The people that tend to migrate are young people that are looking for opportunities. Jobs are being created and the US tends to pay better than Mexico. The article states, Hispanics are influencing US politics that’s probably a reason why some people are upset, but the US history is created on immigrants.

 I question if Transatlantic Trade and Investment Partnership would be beneficial? What could be wrong with adding more nations to invest among? You can export more, and more jobs right? Maybe not. With more opportunities, it can leave some nations to receive less than others. For example, maybe Mexico could benefit more than the US because they will have better prices for exportation than the US. I believe having more nations involved in an agreement can make it more complicated and create more problems. I am not against Transatlantic Trade and Investment Partnership, but if I would regulate the policies and make sure that each parties benefits.