MBA Journals Peer-reviewed management research from Consortium e-Learning Network

NOLEGEIN Journal of Financial Planning And Management

Case Study: The Impact of NAFTA on Real GDP and GDP Per Capita of the Member States

  1. Gazi Farok

Abstract

NAFTA, The North American Free Trade Agreement is a trilateral agreement negotiated by thegovernments of Canada, Mexico, and the United States on January 1, 1994. This agreement createdone of the world’s largest free-trade zones in history, laying the foundation for strong economicgrowth, rising prosperity for its member countries, and the strengthening of political ties. Byimplementing NAFTA, it systematically removed tariffs on the majority of goods produced by itsmembers. The last remaining tariffs removed on January 1, 2008 and it was called for phases tophase elimination of most non-tariff barriers to cross-border investment and the movement of goodsand services. This agreement is used to consider as free-trade among the three countries, over a 25-year period and NAFTA renegotiation have been introduced in January 2019 with new commitments.

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