Kudler Fine Foods
A STUDY OF IMPACT OF NAFTA AND LESSONS FOR SAARC
The United States, Canada and Mexico started NAFTA and formed free trade agreement in Jan 1994. The express purpose of it was to liberalize trade in goods and services, remove barriers to investment, strengthen the protection of intellectual property rights; and establish a framework for further trilateral cooperation. The agreement is based on principals of non-discriminatory treatment and transparency. It consists of 24 chapters and about1000 pages covering various sectors of economy. The provisions are to eliminate all trade barriers by 2008. There has been significant achievement with elimination of more than 99% trade barriers. The over all impact when comparing with the stated objectives has been extremely positive. The trade has been doubled from $302 billion in1993 to $652 billion in 2003 between the countries. U.S. Exports to Canada & Mexico increased from $142 billion to $267 billion in NAFTA's first decade, significantly......
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Approximate Word Count: 2127
Approximate Pages: 9 (250 words per double-spaced page)
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