Evaluating NAFTA

1. NORTH AMERICAN FREE TRADE AGGREMENT NAFTA

3. Membership Canada Mexico United States

4. Estd- 01 Jan 994

5. 1988 – Canada & US – Canada & US FTA

6. 1992 - Mastricht Treaty in Europe- Creation Of EU

7. 1994 - CUFTA Incls Mexico – Birth Of NAFTA

8. Goal : Eliminate trade barriers amongst members

9. Immediate- Tariff eliminated on more than 1/2 of US imports to Mexico & 1/3 of Mexican Imports to US

10. All US Mexico tarrifs to be eliminated within 10 yrs (Except Some Agri Exports)

11. Mexico to remove all tariffs within next 15 Yrs

12. US Canada Trade was already duty free.

14. Chapter 20 on general disputes.

15. Chapter 11 on investment

16. NAAEC ( North Am Agreement On EnvironmentalCo-Operation) Article 14-15 Citizen’sSubmission on EnvironmentalEnforcement.

18. International Environment Maastricht Agreement & EU

19. Huge disparities between US & Mexico

22. Trade

25. 92 % of the trade deficit was with ROWDoes Not Account for 5 mn Lost Jobs

26. 76 % Of Mexican Trade is oriented towards USA Trade Amongst NAFTA

27. Effect On GDP Mexico’s 76 % Trade orientation towards US should have accounted for commensurate growth in Mexico

29. Macroeconomics - Mexico

30. Poverty levels No Change in Poverty Levels/ South has remained untouched by NAFTA

34. Honeywell, Inc.

35. Hughes Aircraft

36. Hyundai Precision America

37. IBM

38. Matsushita

39. Mattel

40. Maxell Corporation

41. Mercedes Benz

42. Mitsubishi Electronics Corp.

43. Motorola

44. Nissan

45. Philips

46. Pioneer Speakers

47. Samsonite Corporation

48. Samsung

49. Sanyo North America

50. Sony Electronics

51. Tiffany

52. Toshiba

53. VW

54. Xerox

55. ZenithMaquiladoras

57. Helped American firms get competitive. ( especially auto industry)

58. Not helped Mexico turn into independently productive economy.

59. Disappointing progress in reducing the poverty in Mexico.

60. Low tax base, Low education investment, High inequality, Compition with china

61. No “ Giant sucking sound” of jobs and investment.

63. Mexican recession in 1995 (lowered Mexico's demand for exports, including those of US)

64. The long U.S. economic expansion that lasted through most of the 1990s (which increased U.S. demand for imports from all countries)

66. Canadian Manufacturing employment held stedy

67. overall employment up to 15.7 mn in early 2000s from 14.9 mn pre NAFTA.