NAFTA: Sucess or Failure: Economic Impact on Mexico

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History About North America Free Trade Agreement (NAFTA

North America Free Trade Agreement (NAFTA ) was signed in 1992 by the then presidents of Canada , Mexico and the United States of America . This free trade area which covers the three large countries is the largest the world in as far as GDP is concerned (About .com :US Economy 1 . The NAFTA idea was initiated President Ronald Regan who wished to have a common market within the North American region . The agreement came to be

br signed President George H .W . Bush of the United States , President Salinas of Mexico , and Brian Mulroney who was the prime minister of Canada . The successful implementation of the agreement was by President Bill Clinton of the United States

Intentions and Purpose of the Creation of NAFTA

The creation of NAFTA had several intentions and purposes for the three countries . The main intention of its creation was to create a common market for the countries and improve trade . NAFTA was created so as to create and promote competition that was fair amongst the signatories by promoting the required conditions . To create a favourable environment within the three countries that would favour investment hence attract both local and foreign investors (About .com :US Economy 2009a . This was to increase the opportunities for investment in the three countries NAFTA was to make trade between the three signatories free by eliminating trade barriers such as tariffs and taxes enabling effective movement of goods and...