Trade Agreements

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