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North American Free Trade Agreement

This is a research paper on the North American Free Trade Agreement. The business research paper will discuss transnational crime, public corruption, and economic growth. Custom research papers are Paper Masters specialty. Identify and briefly discuss the political, economic, and social impact the policies of Perestroika and the North American Free Trade Agreement (NAFTA) have had on global issues such as transnational crime, economic growth and public corruption.

 

NAFTA Market

North American Free Trade Agreement

The North American Free Trade agreement (NAFTA) is the most important and expansive trade agreement ever created. The signatories of NAFTA are Canada, Mexico and The United States. Several Central American countries have expressed interest in joining NAFTA as well. NAFTA is the largest free trade zone in the world. NAFTA creates a single $6.5 trillion market with 370 million persons.

Employment and Revenue Increase

The underlying principles of rules such as these are to promote production with NAFTA nations and thus increase both employment and revenue amongst those nations. Non-NAFTA textiles and garments would face tariffs not imposed on NAFTA-produced goods. Furthermore, at the creation of NAFTA trade amongst nations was equally promoted and encouraged to support fair trade balances amongst the involved countries. Therefore, in its most basic form, NAFTA would benefit all of its member countries in the promotion of free trade.

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