| Line 3: |
Line 3: |
| | ==Passage== | | ==Passage== |
| | The pact was originally negotiated by President [[George H. W. Bush]] but was made into law by President [[Bill Clinton]], who overcame strong opposition from liberals, environmentalists and labor unions and worked with Republicans to pass the legislation. <ref>See [http://www.vancol.com/history-of-nafta.cfm History of NAFTA]</ref> NAFTA followed the Free Trade Agreement (FTA) of 1989 between the U.S. and Canada. | | The pact was originally negotiated by President [[George H. W. Bush]] but was made into law by President [[Bill Clinton]], who overcame strong opposition from liberals, environmentalists and labor unions and worked with Republicans to pass the legislation. <ref>See [http://www.vancol.com/history-of-nafta.cfm History of NAFTA]</ref> NAFTA followed the Free Trade Agreement (FTA) of 1989 between the U.S. and Canada. |
| − |
| |
| | | | |
| | ==Impact== | | ==Impact== |
| Line 9: |
Line 8: |
| | ===Mexico=== | | ===Mexico=== |
| | NAFTA greatly boosted Mexico's exports to the U.S. and made the country more attractive for foreign investment. It also helped it to weather the 1994-1995 peso crisis by ensuring access to U.S. and Canadian markets. There has been a growth in the other states of Mexico of large multinational companies whose maquiladora assembly operations have gained an increasingly larger proportion of Mexico's export production. Meanwhile the proportion of production by smaller manufacturing firms and other producers has steadily shrunk. Mexico continues to be an importer of technology and innovative processes, and likewise remains heavily dependent on the performance of the U.S. economy. Manufacturing remains concentrated in the Federal District, Jalisco and Nuevo Leon. Mexico's inadequate road system, particularly in the central and southern states, is a serious impediment to attracting foreign investment in those regions, as well for exploiting the full potential of NAFTA. | | NAFTA greatly boosted Mexico's exports to the U.S. and made the country more attractive for foreign investment. It also helped it to weather the 1994-1995 peso crisis by ensuring access to U.S. and Canadian markets. There has been a growth in the other states of Mexico of large multinational companies whose maquiladora assembly operations have gained an increasingly larger proportion of Mexico's export production. Meanwhile the proportion of production by smaller manufacturing firms and other producers has steadily shrunk. Mexico continues to be an importer of technology and innovative processes, and likewise remains heavily dependent on the performance of the U.S. economy. Manufacturing remains concentrated in the Federal District, Jalisco and Nuevo Leon. Mexico's inadequate road system, particularly in the central and southern states, is a serious impediment to attracting foreign investment in those regions, as well for exploiting the full potential of NAFTA. |
| | + | ==Volume of trade== |
| | + | |
| | | | |
| | ==Further reading== | | ==Further reading== |
| Line 14: |
Line 15: |
| | * Cameron, Maxwell A., and Brian W. Tomlin. ''The Making of NAFTA: How the Deal Was Done'' (2000), scholarly study. | | * Cameron, Maxwell A., and Brian W. Tomlin. ''The Making of NAFTA: How the Deal Was Done'' (2000), scholarly study. |
| | * Chambers, Edward J., and Peter H. Smith, eds. ''NAFTA in the New Millennium.'' (2002) 520 pp. scholarly studies on trade, labor, migration, transport, and the environment. | | * Chambers, Edward J., and Peter H. Smith, eds. ''NAFTA in the New Millennium.'' (2002) 520 pp. scholarly studies on trade, labor, migration, transport, and the environment. |
| − | * [http://www.vancol.com/history-of-nafta.cfm History of NAFTA] | + | ==External links== |
| | + | * [http://www.ustr.gov/trade-agreements/free-trade-agreements/north-american-free-trade-agreement-nafta US Trade Representative, "NAFTA"],detailed statistics |
| | ==References== | | ==References== |
| | <references/> | | <references/> |