Flashcards
NAFTA
Flashcards do conjunto (8)
- 1What is NAFTA?North American Free Trade Agreement
- 2What countries are included and when was it created?Canada, Mexico and USA
Established in 1994 - 3Has free trade existed between countries before?Free trade existed between Canada and USA since 1989.
- 4Is it a large market?Largest free market on the planet with $6 trillion combined economy.
- 5Why was it created?To eliminate tariffs on agriculture, manufacturing and services, removes investment restrictions, protects intellectual property rights
- 6Positives: . Trade . Prices . Reliance. Increased trade- trade quadrupled to $1.14 trillion
. Lower prices (particularly oil)- Mexican oil is cheaper, means transport is cheaper
. Decreased reliance on oil from Middle East - 7Positives: . Exports . Jobs . Spending. Increased exports
. Job creation- 5 million in the US alone
. Reduced government spending - 8Negatives: . Jobs . Environmental . Farmers. Loss of jobs- US companies closed down as labour cheaper in Mexico, 682,900 jobs lost
. Environmental issues
. Loss of farmers in Mexico- 1.43 million jobs lost, because American agriculture was being subsidised so much
Informações
- Descrição
- A2 A2 Geography (Development and Globalisation ) FlashCards sobre NAFTA, criado por Alice Kimpton em 08-12-2016.
- Criado por
- Alice Kimpton · dez 2016
- Atualizado
- 10 jan 2017
- Visualizações
- 2
- Avaliação