North American Free Trade Agreement: Difference between revisions
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First going into force on January 1, 1994, and continuing to be refined, the '''North American Free Trade Agreement''' is a cooperative economic treaty among [[Canada]], [[Mexico]], and the [[United States of America]]. <ref name=OAS-NAFTA>{{citation | First going into force on January 1, 1994, and continuing to be refined, the '''North American Free Trade Agreement''' (NAFTA) is a cooperative economic treaty among [[Canada]], [[Mexico]], and the [[United States of America]]. <ref name=OAS-NAFTA>{{citation | ||
| url = http://www.sice.oas.org/Trade/NAFTA/NAFTATCE.ASP | | url = http://www.sice.oas.org/Trade/NAFTA/NAFTATCE.ASP | ||
| title = SICE :: Foreign Trade Information System | | title = SICE :: Foreign Trade Information System | ||
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}}</ref> It is specifically an economic agreement, rather than a regional political association; all the signatories are, however, members of the [[Organization of American States]]. | }}</ref> It is specifically an economic agreement, rather than a regional political association; all the signatories are, however, members of the [[Organization of American States]]. | ||
It does not | It does not supersede, but is to be harmonized with, other international agreements including: | ||
*[[General Agreement on Tariffs and Trade]] ([[GATT]]) | *[[General Agreement on Tariffs and Trade]] ([[GATT]]) | ||
*[[Convention on International Trade in Endangered Species of Wild Fauna and Flora]] | *[[Convention on International Trade in Endangered Species of Wild Fauna and Flora]] | ||
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The [[North American Air Defense Command]] and other bilateral military and security agreement are outside its scope. | The [[North American Air Defense Command]] and other bilateral military and security agreement are outside its scope. | ||
Among many other actions, NAFTA phased out and, often, fully eliminated [[tariff]]s from goods made in Mexico and shipped into the [[United States of America|United States]], resulting in loss of manufacturing jobs in the U.S., especially in Southern states. | |||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
Latest revision as of 10:34, 29 May 2024
First going into force on January 1, 1994, and continuing to be refined, the North American Free Trade Agreement (NAFTA) is a cooperative economic treaty among Canada, Mexico, and the United States of America. [1] It is specifically an economic agreement, rather than a regional political association; all the signatories are, however, members of the Organization of American States.
It does not supersede, but is to be harmonized with, other international agreements including:
- General Agreement on Tariffs and Trade (GATT)
- Convention on International Trade in Endangered Species of Wild Fauna and Flora
- Montreal Protocol on Substances that Deplete the Ozone Layer
- Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal
The North American Air Defense Command and other bilateral military and security agreement are outside its scope.
Among many other actions, NAFTA phased out and, often, fully eliminated tariffs from goods made in Mexico and shipped into the United States, resulting in loss of manufacturing jobs in the U.S., especially in Southern states.