North America Free Trade Agreement
NAFTA
NAFTA
eliminated tariffs between the US, Mexico, and Canada creating a free trade zone.
NAFTA
encouraged trade between the three countries as it would be a lot cheaper.
NAFTA
Helps all of the involved countries keep costs down when trading between them
NAFTA
In the U.S. inflation increased, caused an overall loss of jobs
NAFTA
companies moved to Mexico for lower working costs.
United States Mexico Canada Agreement
USMCA
USMCA
An attempt to improve NAFTA
USMCA
Created new laws on investment, enterprises, currency, and more
USMCA
mutually beneficial trade
USMCA
A win for Americans, creating increased car production in the US
USMCA
deepened productive integration for Mexico
USMCA
Damages the automotive industry in the US
USMCA
less protection to drug companies
Dominican Republic-Central America FTA
CAFTA-DR
CAFTA-DR
Gets rid of some tariffs and trade barriers which promotes stronger trade and investment ties.
CAFTA-DR
Advocates for workers’ rights in the region
CAFTA-DR
reduces poverty, and promotes economic growth
CAFTA-DR
Took away the lifestyles of CA small farmers
CAFTA-DR
unfair treatment to smaller regions as they can not provide as many goods as the bigger ones
World Trade Organization
WTO
WTO
Promote smooth trade
WTO
More variety in exports
WTO
settles trade agreements and disputes amongst all
WTO
Developing countries might suffer while bigger countries will benefit