Nafta1

Nafta1 In January 1994, the United States, Mexico, and Canada implemented the North American appease Trade Agreement (NAFTA), forming the largest free trade zone in the world. The goal of NAFTA is to create better trading conditions through duty reduction, removal of investment barriers, and improvement of talented property protection. NAFTA continues to piecemeal reduce tariffs on set dates and aims to eliminate all tariffs by the year 2004. Before NAFTA was established, investing in Mexico was a tricky process.

Investors needed the Mexican Governments approval and were also required to nether region specific investment guidelines. These requirem ents necessitated investors to export a set take of goods and services, utilize domestic goods and services, and transfer technology to competitors. Under NAFTA, investors no longer need government approval to invest and argon treated as domestic investors. NAFTA has also increased intellectual property rights and allowed compani...If you want to get a full essay, consume it on our website: OrderEssay.net

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