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North American Free Trade Agreement

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justine pasia

on 21 February 2016

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Transcript of North American Free Trade Agreement

Obj
Prob
Thank you
NAFTA
Actions
North American Free Trade Agreement
Definition:
A comprehensive trade agreement that sets the rules of trade and investment between Canada, the United States, and Mexico. Since the agreement entered into force on January 1, 1994, NAFTA has systematically eliminated most tariff and non-tariff barriers to free trade and investment between the three NAFTA countries.

Objectives:
● Grant the signatories Most Favored status
● Eliminate barriers to trade and facilitate the cross-border
movement of goods and services.
● Promote conditions of fair competition.
● Increase investment opportunities
● Provide protection and enforcement of intellectual property
rights
● Create procedures for the resolution of trade disputes.
● Establish a framework for further trilateral, regional and
multilateral cooperation to expand the trade agreement's
benefits.

Problems:
NAFTA addresses its relationship to multilateral environmental agreements (MEAs). It identifies three trade-related MEAs that may take precedence over NAFTA where implementation conflicts arise, provided that the MEA is implemented in the least NAFTA-inconsistent manner. The listed agreements include the Montreal Protocol on Substances that Deplete the Ozone Layer.

Problems:
The Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal; and the Convention on International Trade in Endangered Species (CITES). U.S.-Mexico and U.S.-Canada bilateral waste-trade agreements also are included, and the parties may add others.

Actions taken by NAFTA to address the Problem
● Tariff elimination for qualifying products.
● Elimination of non tariff barriers by 2008.
● Establishment of standards.
● Supplemental agreements.
Tariff reduction for motor vehicles and
auto parts and automobile
rules of origin.
● Expanded telecommunications trade.
● Reduced textile and apparel barriers.
● More free trade in agriculture.

● Expanded trade in financial services.
● Opening of insurance markets.
● Increased investment opportunities.
● Liberalized regulation of land transportation.
● Increased protection of intellectual property rights.
● Expanded the rights of American firms to make bids on Mexican and Canadian government procurement contracts.

THANK YOU
(GROUP3)

Trade barriers- are government induced
restrictions on international trade

Actions taken by NAFTA to address the Problem
Full transcript