WHAT WAS THE INITIAL IMPACT OF NAFTA ON THE US AND MEXICAN AUTOMOBILE MARKETS? W

Question

WHAT WAS THE INITIAL IMPACT OF NAFTA ON THE US AND MEXICAN AUTOMOBILE MARKETS? WHO BENEFITED MOST FROM THIS?

HOW DID THE IMPACT OF NAFTA START TO CHANGE LOCATION BY AUTOMOBILE MANUFACTURES OVER THE YEARS? HOW DID THIS START TO IMPACT AUTOMOBILE PRODUCTION IN THE MEXICO AND THE UNITED STATES?

MEXICO HAS BEEN VERY PROACTIVE IN SIGNING REGIONAL FREE TRADE DEALS IN ADDITION TO NAFTA. HOW HAS THIS STRATEGY IMPACTED AUTOMOBILE CONSUMERS AND PRODUCERS IN MEXICO? HOW HAS IT IMPACTED AUTOMOBILE CONSUMERS AND PRODUCERS IN THE UNITED STATES?

WHAT LESSONS CAN UNITED STATES POLICY MAKERS DRAW FROM THE GROWING SUCCESS OF THE MEXICAN AUTOMOBILE INDUSTRY THAT CAN BE APPLIED TO FUTURE FREE TRADE DEALS, SUCH AS THE DEAL CURRENTLY BEING NEGOTIATED BETWEEN THE UNITED STATES AND THE EUROPEAN UNION?

Explanation / Answer

NAFTA stands for North American Free Trade Agreement which involves agreement among governments of Canada, Mexico, and the United States made in january 1994.it was entered to eliminate tariffs on products traded among these three countries,liberalization of trade in agriculture and automobile manufacturing,to protect intellectual property, toi make dispute-resolution mechanisms, and to safeguard labor and environment.

THE INITIAL IMPACT OF NAFTA ON THE US AND MEXICAN AUTOMOBILE MARKETS was postive as it has doubled the trade deficit of U.S with Mexico in motor vehicles in 2014 as compared to 2010.Many automakers have invested heavily in U.S.So there was the good growth in AUTOMOBILE MARKETS.Mexican automotive exports have benefited from 44 free trade agreements with other countries as well U.s has also got the great benefits in auto industry which has created excellent job opportunities.

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