UH INTB 3355 - NAFTA (3 pages)

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NAFTA



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NAFTA

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International Institutions from an International Business Perspective - NAFTA


Lecture number:
2
Pages:
3
Type:
Lecture Note
School:
University of Houston
Course:
Intb 3355 - Global Environment of Business
Global Environment of Business Documents

Unformatted text preview:

INTB 3355 1st Edition Lecture 2 Outline of Last Lecture I Introduction to the Global Environment of Business Outline of Current Lecture I Global Regional Co operation II The North American Free Trade Agreement NAFTA a NAFTA Stipulations b Evaluating NAFTA c Alternative Explanations d Current NAFTA Concerns Current Lecture I Global Regional Co operation Multilateral negotiations and global economic competition provide powerful incentives In 1990 s countries boost in efforts to establish free trade areas and customs unions in Asia and in North and South America for organizations work as a regional basis and to strengthen economics which later on led to regional economic integration and the formation of NAFTA Canada Mexico US II The North American Free Trade Agreement NAFTA NAFTA was originally CAFTA before Mexico joined it NAFTA was launched on January 1 1994 Its implementation was completed on January 1 2008 The Main Goal is promoting economic growth by easing the movement of goods and services between the US Mexico and Canada also to solve immigration issue due to push factors lack of economic opportunities and pull factors jobs in construction agriculture existing families Precursor Canada US Free Trade Agreement since 1989 a NAFTA Stipulations Removal of most tariffs and restrictions on trade between the US Canada and Mexico Wide range of agreements on agricultural textile and automotive trade These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Agreements on telecommunications and intellectual property Mobility of workers by issuing work visa and other types of visa Environmental policies b Evaluating NAFTA Intra North American trade has more than tripled since NAFTA s inception Agricultural trade in both directions between Mexico and the US increased from 7 3 billion in 1994 to 20 1 billion in 2006 Trade between the three parties currently accounts for about 80 of



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