In a clear message to Trump, economic leaders on Tuesday urged the three countries to oppose the imposition of tariffs “and other barriers or measures that will undermine the objectives of the comprehensive trade agreement and weaken North America`s competitiveness.” The North American Free Trade Agreement (NAFTA) is a treaty of the United States, Canada and Mexico. it came into force on 1 January 1994. (Since 1989, there has been free trade between the United States and Canada; NAFTA has extended this regime.) On that day, the three countries became the largest free market in the world – the combined economies of the three nations were $6 trillion and directly affected more than 365 million people. NAFTA was created to remove customs barriers for agriculture, manufacturing and services; Eliminating restrictions on investment protection of intellectual property rights. This should be done while respecting environmental and labour concerns (although many observers point to the fact that the three governments have been negligent in environmental and safety at work since the agreement came into force). Small businesses were among those expected to benefit the most from the removal of trade barriers, as this would reduce trade activity in Mexico and Canada and reduce the administrative burden associated with importing or exporting goods. U.S. Department of Commerce. Bureau of Census, foreign trade statistics. “New data updates 2005.” Available at www.census.gov/foreign-trade/statistics/. Appeal on April 17, 2006.
Supporting a 21st century economy through new measures to protect intellectual property in the United States and ensuring trade opportunities for U.S. services. The highly organized opposition to NAFTA has focused on the fear that the removal of trade barriers will encourage U.S. companies to get carried away and settle in Mexico to use cheap labour. This concern increased in the early years of the 2000s, when the economy experienced a recession and the subsequent recovery turned out to be a “recovery in unemployment”. Opposition to NAFTA was also strong among environmental groups, who said that the anti-pollution elements in the treaty were woefully inadequate. This criticism has not wavered since the implementation of NAFTA.