Canada And The Disadvantages Of Mexico And Canada

Decent Essays
Mexico and Canada are the biggest trading partners with the United States. In 1994, the three countries signed a treaty that helped to eliminate trade costs, promote business competition and increase investment possibilities. The treaty has different advantages as well as negative consequences. One of the disadvantages of The North American Trade Agreement(NAFTA) is that it made it easy for companies to relocate operations from the U.S. to Mexico and many jobs have been lost. This leaves a concern for the future United States economy since it is a corporation based country and economy. For example, the flexibility of the agreement and the cheap labor cost offered by Mexico enabled automotive executives of the American company Ford Motor Company

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