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Buisness Presentation


manpreet singh

on 10 October 2012

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Transcript of Buisness Presentation

North American Free Trade Agreement A project by: Anna Timakova and Manpreet Sangha
•The agreement was made on December 17, 1992 but, on January 1st 1994 the effects of NAFTA were put in place

•The conditions in the previous agreement were included in NAFTA between Canada and U.S (with few acceptations)

•Signed by U.S, Canada, Mexico

•U.S. President George H. W. Bush, Canadian Prime Minister Brian Mulroney and Mexican President Carlos Salinas NAFTA (North American Free Trade Agreement) Member States of NAFTA:
History of NAFTA:
Mexico, USA, and Canada make up the NAFTA agreement Primary Mandate of NAFTA

• To remove trade restrictions between the three countries involved in the agreement

• To increase the amount of trade between the countries

• Many restrictions between nations were to be removed

• Included the restrictions on investing

• The treaty protected intellectually property rights (patent, copy rights etc.)
• The mandate of the secretariat was to ensure that trade is fulfilled meaning that the disputes between trade of the three nations are resolved
• There are three sections to the secretariats: a Canadian section, a U.S section and a Mexican Section
• All reports, legal documents and any other important pieces of information are kept within this department
• The Canadian section in particular must deal with other agreements that have been made with other nations NAFTA Secretariat (Canadian Section)
NAFTAs recent successes/failures involving corporations:

Canada Bombardier
•NAFTA allowed the Canadian automotive company to operate across Canada, USA, and Mexico, without having to pay taxes on their products
•Permitted expansion into Pittsburgh, Pennsylvania where automated transit systems are made
•Currently largest provider of third party rail services in the world
•Since 1982, Bombardier supplied 1/3 of New York’s subway system
•Provided hundreds of steel cars to Chicago and Ontario
•Employed 2,000 people in Mexico, in automotive manufacturing plants United States Mary Kay Inc
•Skin care and cosmetic company created in 1963
•NAFTA has allowed their products to remain competitive in Mexico and Canada
•Invested $20 million in 2 distributing facilities to be made in Mexico
•The new distribution facilities are totaling 200,000 Mary Kay beauty consultants (Mexican) Mexico •Household appliance provider •NAFTA gave Mabe the opportunity to join the North American leaders, allowing Mabe to expand to $2 billion in furnished goods •In 2005, decided to expand into Canada, acquiring Canada Camco •With the help of NAFTA, Mabe emerged as a leading global household appliances supplier Mabe Cons of implementating NAFTA in Canada • Canadian jobs are outsourced to Mexico Pros in implementation of NAFTA in Canada: •Allowed Canadian companies to take advantage of cheaper Mexican labour

•Greater variety of products for Canadian consumers

•More exposure to different cultures (American and Mexican), hence giving Canadian a broader cultural vision

•1/5 jobs in Canada are linked to international trade, this agreement allows Canadian businesses to be more competitive internationally

• Job outsourced to Mexico

• Increase in US trade deficit

• American employers have been manipulating American employees by threatening to outsource their jobs to Mexico if they complain about working conditions, pay…etc

• Greater amount of trucks traveling between US, and Mexico that don’t meet the US safety requirements
 Failures concerning the implementation of NAFTA in US:
•America can take advantage of cheaper Mexican labour
•Farm exports have increased

•Broader vision of foreign cultures

•Increase of economic efficiency in North America (applies to Canada and Mexico as well)
Pros in implementation of NAFTA in America
•Small farms disappearing, bringing in higher subsidized U.S. food imports

•The headquarters of distribution plants remained in domestic market, so most revenue goes back to American or Canadian companies

•Higher amounts of air and water pollution Failures concerning the implementation of NAFTA in Mexico 
• Increase in employment opportunities

• Increase in standard of living in Mexico through the stronger flow of money and investment from Canada and US Pros in implementation of NAFTA in Mexico General Issues concerning NAFTA: • Increase in illegal immigration – flaws in the regulations cause more people to hide away when transporting goods over borders

• massive dumping of waste in Mexico, and also the southwest U.S

•In Canada the percentage of jobs that increased between 1994 and 2000 wasn’t significant at all, in some cases it did plunge down
Effectiveness of NAFTA: NAFTA has been very effective in Canada because: • Canadian exporters don’t have to pay taxes on the goods that they are exporting to US and Mexico

• Increased cultural integration between Canada, US, and Mexico

• Has allowed North America the most efficient market in the world

• Larger variety of products for lower prices
I think that NAFTA has made a good impact on the Canadian economy, and it has allowed Canada to be seen as a steady free trade partner worldwide. In the future Canada’s steady establishment and growth as a trading partner might encourage other countries to form alliances with Canada of any kind. Even though there are numerous negative factors concerning the implementation of NAFTA, there were definitely more positive factors in implementing NAFTA throughout North America. NAFTA has demonstrated a significant factor in trade and that is: different countries can work together to achieve success through teamwork and prolonged partnership. Annas opinion about NAFTA: Manpreet’s opinion about NAFTA: NAFTA has been something good for Canada’s economy but it has put us into a position where we rely too heavily on the U.S for all the necessities and wants of the consumers in Canada. Since Canada has no tariffs on imports from the U.S most of the things we receive come from just south of the border because it’s cheaper to get it from them after they have imported from another country. In many situations, Canada will not receive an item because either the states doesn’t have it, or we will get it later than many other countries because we will wait for the states to get it first and then buy it from them. Unfortunately this slows down the overall advancement of technology in Canada and who knows, if Canada never started this treaty then maybe they may have expanded to other nations outside of North America, giving us less dependency on the stated for everything we get.
• NAFTA (North American Free Trade Agreement) (1994). (1999). In K. W. Craver, Greenwood Professional Guides in School Librarianship. Using Internet Primary Sources to Teach Critical Thinking Skills in History (pp. 233-234). Westport, CT: Greenwood Press. Retrieved from http://go.galegroup.com/ps/i.do?id=GALE%7CCX2893700165&v=2.1&u=ko_k12hs_d63&it=r&p=GVRL&sw=w

• (2011). North american free trade agreement (nafta). Foreign Agricultural Service. Retrieved from http://www.fas.usda.gov/itp/policy/nafta/nafta.asp

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• MacPherson, A. D. (2010). North American Free Trade Agreement (NAFTA). In B. Warf (Ed.), Encyclopedia of Geography (Vol. 4, pp. 2044-2046). Sage Reference. Retrieved from http://go.galegroup.com/ps/i.do?id=GALE%7CCX1788300822&v=2.1&u=ko_k12hs_d63&it=r&p=GVRL&sw=w

• Wilkinson, B. W. (2011). The canadian encyclopedia (including the encyclopedia of music in canada). Retrieved from http://www.thecanadianencyclopedia.com/articles/free-trade

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Annas Citation
• North American Free Trade Agreement. (2008, May 8). In exports.gov: Helping U.S Companies Export. Retrieved October 1, 2012, from http://export.gov/FTA/nafta/eg_main_017794.asp

• Pulsifer, A. (n.d.). Counterpoint: NAFTA has been Harmful to most Canadians. In Canadian Points of View: Reference Centre. Retrieved October 1, 2012. Retrieved from: http://web.ebscohost.com/pov/detail?vid=3&hid=119&sid=b36367bc-f260-4b81-9523-576d82d999e4%40sessionmgr110&bdata=Jmxhbmc9ZW4tY2Emc2l0ZT1wb3YtY2Fu#db=p3h&AN=28675016

• Canadian Government. (2009, January 2). NAFTA at Ten: NAFTA: A decade of strengthening a dynamic relationship. In Foreign Affairs and International Trade Canada. Retrieved October 1, 2012. Retrieved from: http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/nafta-alena/nafta10.aspx?lang=en&view=d

• Canadian Government. (2009, January 2). The NAFTA’s Impact. In Foreign Affairs and International Trade Canada. Retrieved October 1, 2012. Retrieved from: http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/nafta-alena/nafta5_section04.aspx?lang=en&view=d

• EconomyWatch Content. (2010, March 11). Canada Exports, Imports & Trade. In Economy Watch: Follow The Money. Retrieved October 1, 2012. Retrieved from: http://www.economywatch.com/world_economy/canada/export-import.html

• Canada, Us, Mexico. (2012, April 2). North American Free Trade Agreement: Success Stories. In North American Free Trade Agreement. Retrieved October 1, 2012 retrieved from: http://www.naftanow.org/success/default_en.asp

• TRADE AGREEMENT NEEDS REVISIONS IN ORDER TO PROTECT AMERICAN JOBS. (August 19, 1997). Seattle Post-Intelligencer (Seattle, WA), A9. Retrieved October 06, 2012, from Global Issues In Context via Gale:http://find.galegroup.com/gic/start.do?prodId=GIC
• Graham, J. (n.d.). Point: NAFTA is Good for the Canadian Economy. . In Canadian Points of View: Reference Centre. Retrieved October 1, 2012. Retrieved from: http://web.ebscohost.com/pov/detail?vid=3&hid=119&sid=b36367bc-f260-4b81-9523-576d82d999e4%40sessionmgr110&bdata=Jmxhbmc9ZW4tY2Emc2l0ZT1wb3YtY2Fu#db=p3h&AN=28675015

• Paul, I., & Eaton, S. E. (n.d.). The North American Free Trade Agreement (NAFTA): An Overview. . In Canadian Points of View: Reference Centre. Retrieved October 1, 2012. Retrieved from: http://web.ebscohost.com/pov/detail?vid=3&hid=119&sid=b36367bc-f260-4b81-9523-576d82d999e4%40sessionmgr110&bdata=Jmxhbmc9ZW4tY2Emc2l0ZT1wb3YtY2Fu#db=p3h&AN=28675014

• EconomyWatch. (2010, June 30). North American Free Trade Association (NAFTA). In Economy Watch: Follow The Money. Retrieved October 6, 2012. Retrieved from: http://www.economywatch.com/international-organizations/north-american-free-trade-agreement.html

houstontruckdeals.com (title page: NAFTA flags)

www.theuptake.org (George Bush picture)

vivirmexico.com (Carlos Salinas)
picasaweb.google.com (Brian Mulroney)
www.thegate.ca (Flag of Canada)
www.orlandoflagcenter.com (Flag of USA)
blog.diecast.ru (Flag of Mexico)
http://www.profitguide.com (Duty Free Sign)
http://publications.gc.ca (Canada’s Report cover picture)
http://www.nafta-sec-alena.org (National Sections Picture)
http://www.wayoftherail.com (Bombardier Logo)
http://www.edmontonstop.com (Mary Kay)
articulo.deremate.com (Mabe Appliances)
http://www.mackinac.org (us exports to Canada and Mexico)
http://usbudgetalert.com (US deficit chart)
http://www.fas.org (Anti-Terrorism Chart)
Image Citation for Report: THANKS FOR WATCHING! NAFTA! 98 Pros and Cons of NAFTA
Full transcript