Introduction to NAFTA
Course Outline
Introduction to NAFTA
NAFTA, which was enacted in 1994, eliminates tariff and non-tariff barriers on the trade of goods and services between the US, Canada, and Mexico. NAFTA called for the immediate removal of tariffs on 70% of US imports from Mexico and 50% of Mexican imports from the US. Other duties were scheduled to be reduced over a 15 year period, with all agricultural tariffs phased out by 2008. This video covers the key reasons that Mexico pursued a free trade agreement with the US and Canada.
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