NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) PRESENTED BY: SAKET RARA JITESH BHILARE MUKESH KOTHARI GAURAV KUMAR PANKAJ DASHMUKHE MITHUN SADAVARTE DEEPAK DODDAMANI
PRESENTED BY:
SAKET RARA
JITESH BHILARE
MUKESH KOTHARI
GAURAV KUMAR
PANKAJ DASHMUKHE
MITHUN SADAVARTE
DEEPAK DODDAMANI
INTRODUCTION NAFTA is an agreement signed by the governments of the United states, Canada and Mexico creating a trilateral trade bloc in North America. Members: Canada, Mexico & United States Official languages: English, French and Spanish Secretariats: Mexico city, Ottawa, Washington D.C. Establishment: 1 January 1994 GDP of NAFTA alliance: USD 12 trillion NAFTA supplements: NAAEC & NAALC
NAFTA is an agreement signed by the governments of the United states, Canada and Mexico creating a trilateral trade bloc in North America.
Members: Canada, Mexico & United States
Official languages: English, French and Spanish
Secretariats: Mexico city, Ottawa, Washington D.C.
Establishment: 1 January 1994
GDP of NAFTA alliance: USD 12 trillion
NAFTA supplements: NAAEC & NAALC
BACK GROUND In 1988 Canada & the United States signed the Canada-United states Free Trade Agreement The American government then entered into negotiations with the Mexican government for a similar treaty Canada asked to join the negotiations in order to preserve its perceived gains under the 1988 deal The agreement NAFTA was signed by U.S. president - George H. W. Bush, Canadian prime minister - Brian Mulroney and Mexican president - Carlos Salinas in San Antanio, Texas on December 17,1992 .
In 1988 Canada & the United States signed the Canada-United states Free Trade Agreement
The American government then entered into negotiations with the Mexican government for a similar treaty
Canada asked to join the negotiations in order to preserve its perceived gains under the 1988 deal
The agreement NAFTA was signed by
U.S. president - George H. W. Bush,
Canadian prime minister - Brian Mulroney and Mexican president - Carlos Salinas
in San Antanio, Texas on December 17,1992 .
OBJECTIVES OF NAFTA To eliminate trade barriers & facilitate the cross-border movements of goods and services between the parties To promote conditions of fair competition To substantially increase investment opportunities To provide adequate and effective protection & enforcement of intellectual property rights in each territory To create effective procedures for the implementation and application of this agreement ,for its joint administration & for resolution of disputes To establish a framework for further trilateral, regional and multilateral co-operation to expand and enhance benefits of this agreement
To eliminate trade barriers & facilitate the cross-border movements of goods and services between the parties
To promote conditions of fair competition
To substantially increase investment opportunities
To provide adequate and effective protection & enforcement of intellectual property rights in each territory
To create effective procedures for the implementation and application of this agreement ,for its joint administration & for resolution of disputes
To establish a framework for further trilateral, regional and multilateral co-operation to expand and enhance benefits of this agreement
North American Agreement on Environmental Co-operation (NAAEC ) NAAEC created Commission for Environmental Co-operation (CEC) in 1994 Development of common priorities for the protection of certain species Developing North American Conservation Action Plans for three shared marine species Provide tools such as map of terrestrial eco-regions which management agencies are using in this programs Setting out common mechanism for planning and monitoring bird conservation programs
NAAEC created Commission for Environmental Co-operation (CEC) in 1994
Development of common priorities for the protection of certain species
Developing North American Conservation Action Plans for three shared marine species
Provide tools such as map of terrestrial eco-regions which management agencies are using in this programs
Setting out common mechanism for planning and monitoring bird conservation programs
North American Agreement on Labor Co-operation (NAALC ) NAALC members work together to protect, enhance and enforce the basic rights of workers. Establishment of institutions & creation of formal process to raise concerns related to labor law enforcement directly with government Undertaken a wide range of co-operative programs and technical exchanges on industrial relations, occupational safety and health, child labor, gender equality, protection of migrant workers
NAALC members work together to protect, enhance and enforce the basic rights of workers.
Establishment of institutions & creation of formal process to raise concerns related to labor law enforcement directly with government
Undertaken a wide range of co-operative programs and technical exchanges on industrial relations,
occupational safety and health,
child labor,
gender equality,
protection of migrant workers
Trade and Investment Effects NAFTA is a broad agreement, but improved market access, including tariff reductions on merchandise trade, was the major U.S. goal. After ten years, most tariffs have gone to zero, except for some very sensitive (mostly agricultural) goods that have limited protection for up to 15 years. Clearly, U.S.-Mexico trade and investment have grown sharply over the past decade. From 1994 to 2003, U.S. exports to Mexico rose 91%, compared to 41% to the world. U.S. imports increased by 179%, compared to 89% from the world.
Trade and Investment Effects
NAFTA is a broad agreement, but improved market access, including tariff reductions on merchandise trade, was the major U.S. goal.
After ten years, most tariffs have gone to zero, except for some very sensitive (mostly agricultural) goods that have limited protection for up to 15 years. Clearly, U.S.-Mexico trade and investment have grown sharply over the past decade.
From 1994 to 2003, U.S. exports to Mexico rose 91%, compared to 41% to the world. U.S. imports increased by 179%, compared to 89% from the world.
EFFECTS OF NAFTA BENEFITS Benefit’s the importers by reduced or duty free goods. Can make the exporter more competitive then other non-participating countries There has been great increase in trade among the three countries and market access within each country also increased considerably. Mexico’s poverty rate decreased and real income increased, even after economic crisis 1994-1995 NAFTA had been beneficial to business owners and elites in all three countries
BENEFITS
Benefit’s the importers by reduced or duty free goods.
Can make the exporter more competitive then other non-participating countries
There has been great increase in trade among the three countries and market access within each country also increased considerably.
Mexico’s poverty rate decreased and real income increased, even after economic crisis 1994-1995
NAFTA had been beneficial to business owners and elites in all three countries
ADVERSE EFFECTS INCREASE IN PRODUCTIVITY AND GROWTH IS NOT VERY HIGH NAFTA RESULTED IN A NET LOSS OF 394,834 JOBS IN FIRST THREE YEARS ITSELF MANY CANADIAN AND MEXICAN PEOPLE MIGRATED TO USA UNDER TEMPORARY STATUS (TS) & TREATY’S NATIONAL DEPENDENT STATUS (TDS) YET THERE IS NO NET INCREASE IN EMPLOYMENT LEVEL
INCREASE IN PRODUCTIVITY AND GROWTH IS NOT VERY HIGH
NAFTA RESULTED IN A NET LOSS OF 394,834 JOBS IN FIRST THREE YEARS ITSELF
MANY CANADIAN AND MEXICAN PEOPLE MIGRATED TO USA UNDER TEMPORARY STATUS (TS) & TREATY’S NATIONAL DEPENDENT STATUS (TDS)
YET THERE IS NO NET INCREASE IN EMPLOYMENT LEVEL
LIMITATIONS It has negative impacts on farmers in Mexico who saw food prices fall based on cheap imports from U.S. agribusiness It has negative impacts on U.S. workers in manufacturing and assembly industries who lost jobs. Critics also argue that NAFTA has contributed to the rising levels of inequality in both the U.S. and Mexico. Some economists believe that NAFTA has not been enough (or worked fast enough) to produce an economic convergence, nor to substantially reduce poverty rates
LIMITATIONS
It has negative impacts on farmers in Mexico who saw food prices fall based on cheap imports from U.S. agribusiness
It has negative impacts on U.S. workers in manufacturing and assembly industries who lost jobs.
Critics also argue that NAFTA has contributed to the rising levels of inequality in both the U.S. and Mexico.
Some economists believe that NAFTA has not been enough (or worked fast enough) to produce an economic convergence, nor to substantially reduce poverty rates
PUBLIC OPINION Public opinion toward NAFTA in the United States, Canada, and Mexico is mixed. A survey conducted by CIDE and COMEXI in Mexico showed that 64 percent of the Mexican public favored NAFTA. The Program on International Policy Attitudes reported in a poll that 47 percent of Americans thought that NAFTA has been good for the United States, while 39 percent thought it had been bad for the country
PUBLIC OPINION
Public opinion toward NAFTA in the United States, Canada, and Mexico is mixed. A survey conducted by CIDE and COMEXI in Mexico showed that 64 percent of the Mexican public favored NAFTA.
The Program on International Policy Attitudes reported in a poll that 47 percent of Americans thought that NAFTA has been good for the United States, while 39 percent thought it had been bad for the country
CONTRIBUTION TO NAFTA MEMBER COUNTRY CONTRIBUTION / SUPPLY UNITED STATES Technology, Services, and data processing, medical and space research and capital CANADA Mineral, forest products, energy and technological expertise MEXICO Labors, Petroleum and agricultural products
INDIA’S TRADE WITH NAFTA INDIA’S EXPORT TO NAFTA in 2005-2006 Total USD 18,817.71 millions INDIA’S IMPORT FROM NAFTA in 2005-2006 Total USD 10472.22 millions
INDIA’S EXPORT TO NAFTA in 2005-2006
Total USD 18,817.71 millions
INDIA’S IMPORT FROM NAFTA in 2005-2006
Total USD 10472.22 millions
INDIA’S TRADE WITH USA INDIA’S MAJOR EXPORTS ITEMS INDIA’S MAJOR IMPORT ITEMS PRECIOUS STONES DIAMONDS & GOLD JEWELLARY WOVEN APPAREL KNIT APPAREL FISH & SEAFOOD IRON/STEEL PRODUCTS ORGANIC CHEMICALS SOPHISTICATED MACHINERY ELECTRICAL MACHINERY MEDICAL & SURGICAL EQUIPMENTS AIRCARFTS, SPACE CRAFTS PLASTIC WOOD PULP METALS
INDIA’S MAJOR EXPORTS ITEMS
INDIA’S MAJOR IMPORT ITEMS
INDIA’S TRADE WITH CANADA INDIA’S MAJOR EXPORT ITEMS INDIA’S MAJOR IMPORT ITEMS READYMADE GARMENTS GEMS,JEWELLARY & PRECIOUS STONES ENGINEERING GOODS IRON & STEEL ARTICLES COFFEE SPICES ORGANIC CHEMICALS NEWSPRINT – IN ROLLS OR SHEETS COPPER ORES AND CONCENTRATES PEAS – DRIED AND SHELLED IRON SCRAP,POTASH, COPPER WOOD PULP MINERALS INDUSTRIAL CHEMICALS
INDIA’S MAJOR EXPORT ITEMS
INDIA’S MAJOR IMPORT ITEMS
INDIA’S TRADE WITH MEXICO INDIA’S MAJOR EXPORT ITEM INDIA’S MOJOR IMPORT ITEM TRANSPORT EQUIPMENT DRUGS, PHARMACEUTICAL READYMADE GARMENTS INORGANIC/ORGANIC CHEMICALS MACHINERY & INSTRUMENTS ELECTRONIC GOODS DYES & INTERMEDIARIES ARTICLES OF IRON OR STEEL IRON & STEEL PLASTIC & ARTICLES THEREOF NUCLEAR REACTOR MEDICAL OR SURGICAL EQUIPMENTS ORES,SLAG AND ASH ORGANIC CHEMICALS
INDIA’S MAJOR EXPORT ITEM
INDIA’S MOJOR IMPORT ITEM
FUTURE OF NAFTA Clearly not about cheap labor It is about integration of the North American marketplace It is about moving up the value-added chain It is about maintaining and increasing competitiveness and productivity Mexico, like the U.S., fears losing its manufacturing sector to other countries – why? Over the last 5 years: China’s exports to the U.S. grew 300% Mexico’s exports to the U.S. grew 30%
Clearly not about cheap labor
It is about integration of the North American marketplace
It is about moving up the value-added chain
It is about maintaining and increasing competitiveness and productivity
Mexico, like the U.S., fears losing its manufacturing sector to other countries – why? Over the last 5 years:
China’s exports to the U.S. grew 300%
Mexico’s exports to the U.S. grew 30%
CONCLUSION NAFTA has played an important role in the overall development of the three nations - the progressive elimination of tariffs & trade barriers, Dispute resolution Commitment to intellectual property & environment legislation Mutual entry into governmental bidding & the financial and other service sector But on the other hand it is also responsible for causalities like loss of jobs, migration, rising level of inequality and many others.
NAFTA has played an important role in the overall development of the three nations
- the progressive elimination of tariffs & trade barriers,
Dispute resolution
Commitment to intellectual property & environment legislation
Mutual entry into governmental bidding & the financial and other service sector
But on the other hand it is also responsible for causalities like loss of jobs, migration, rising level of inequality and many others.
http://ecommerce-for-business.com/shackles-boats-theboatonlinestore/ We offer a ...
http://vendere-su-internet.com/shackles-for-boats-from-theboatonlinestore/ Moori...
Pretty similar to gold bars are these silver slabs. Silver is considered as the mo...
If you are an investor of gold bars and coins, one of the major things that you ou...
CyberSecurity's social media stats for one week as of Oct 21st 2014
CyberSecurity's social media stats for one week as of Oct 28th 2014
The North American Free Trade Agreement (NAFTA; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord ...
Read more
NAFTA. In 1994, the North American Free Trade Agreement (NAFTA) came into effect, creating one of the world’s largest free trade zones and laying the ...
Read more
Nordamerikanisches Freihandelsabkommen; Logo: Mitgliedstaaten: Englische Bezeichnung: North American Free Trade Agreement (NAFTA) Französische Bezeichnung
Read more
North American Free Trade Agreement (NAFTA) In force since January 1994. The North American Free Trade Agreement (NAFTA), came into effect on January 1 ...
Read more
Trade Agreement Contacts: Vacant, Branch Chief; Anthony Britt; Margaret Gray; Seth Mazze; For Questions Related to Trade Agreements, email the FTA inbox:
Read more
View Full Report Table of Contents PREAMBLE PART ONE: GENERAL PART Chapter One: Objectives Chapter Two: General Definitions PART TWO: TRADE IN GOODS
Read more
Home / The Agreement / North American Free Trade Agreement; North American Free Trade Agreement. The North American Free Trade Agreement (NAFTA) is a ...
Read more
The NAFTA Secretariat, comprised of a Canadian Section, a Mexican Section and a United States Section, is responsible for the administration of the dispute ...
Read more
The North American Free Trade Agreement (NAFTA) General Information. As of January 1, 2008, all tariffs and quotas were eliminated on U.S. exports to ...
Read more
Text of the North American Free Trade Agreement (NAFTA) Table of Contents. Preamble. Part One: General Part. Chapter One: Objectives Chapter Two: General ...
Read more
Add a comment