NAFTA Flashcards
1
Q
Who was it signed by and when?
A
USA, Canada and Mexico in 1994
2
Q
What are its 4 main aims?
A
- gradual elimination of trade barriers
- promotion of economic competition
- increased investment opportunities
- improved cooperation
3
Q
What has happened to trade between member countries?(+/ve)
A
It has tripled between 1993 and 2007
4
Q
What do Mexican workers receive?(+/ve)
A
Higher wages, and increased sales from agriculture reduces migration
5
Q
What has happened to some Canadian companies?(-/ve)
A
They have closed because of competition from lower cost US firms
6
Q
Why could Mexico be exploited?(-/ve)
A
Because of its natural resources and less stringent pollution laws
