Introduction of NAFTA Impact on Member Country

        The removal of tariffs on the trade according to the agreement of North American Free Trade, among different countries that showed its impacts in 1994. The objective of this agreement is that to appreciate major economic powers of North America that has strong influence on the economy of country. However, most of the tariffs were removed after this agreement in between the period of 1994 to 2008. The tariffs which were removed are related to agriculture, automobiles and textiles. In 27 August the president Trump announced the new trade agreement as well as it promised that to allow the implementation of NAFTA and related agreements and introduced new deal with the Mexico that fulfill the requirements of the economy of country. The trade agreement between Mexico and U.S is called U.S-Mexico trade agreement that maintain the duty by providing free access to the goods of agriculture like corns, maize across the border easily. Moreover, it reduced the tariffs barriers that enhance the trade of goods between U.S and Mexico. Moreover, it is necessary for the congress to approve the trade agreement through the voting that replace the NAFTA due to its efficiency. Moreover, the agreement between U.S and Mexico is replaced with the NAFTA in the 30th September and the agreement is termed as United State Mexico Canada Agreement.  (knowledge.wharton.upenn.edu, 2016).

        In the 21^st century, the modern trade agreement is established between U.S and Canada is an effective trade agreement. This trade agreement will develop the efficient result as it provides the standard agreement trade for the workers, farmers and business that will produce the sense of trust, fairness as well as it enhances the economic growth of the country. This agreement develops the strength among the middle class and poor people as they play significant role in the development as the performing in different sectors and it provide all opportunities for the billion of people in the North America. Moreover, the NAFTA is not successful agreement and faced criticism as taking the jobs of U.S. furthermore, this agreement has positive aspects that enhance the economy of country, but this agreement has some weaknesses that has worst impact on the economy of country as well as it develops the bad impact on the workers and their working environment.

References of NAFTA Impact on Member Country

knowledge.wharton.upenn.edu. (2016, September 6). NAFTA’s Impact on the U.S. Economy: What Are the Facts? Retrieved from http://knowledge.wharton.upenn.edu/article/naftas-impact-u-s-economy-facts/