North American Free Trade Area (NAFTA)
The North American Free Trade Area (NAFTA) - a free trade agreement between Canada, the United States and Mexico, based on the model of the European Community (EU). The first step was the "Plan Abbot", adopted in 1947, whose goal is to encourage U.S. investment in industry leading Canadian economy. In 1959, the United States and Canada signed an agreement on joint military production, which contributed to the introduction of American standards in the Canadian production of military equipment. The next step was the conclusion in 1965, an agreement on liberalization of trade in automotive products, which contributed to the integration of many other industries. The idea of trade and political association United States, Canada and Mexico has become implemented in 1970th years. First dealt with the design of energy union. A similar idea was endorsed in 1980 the Presidents Reagan and Robert J. Bush. In September 1988, after three years of tough negotiations, was signed by the US-Canadian Free Trade Agreement (CUSFTA), which for a decade between the United States and Canada had established a free trade area. In effect occurred in the 1980's integration processes in Europe and Asia, the establishment of NAFTA has become more acute as it became clear that the answer to the unification of Europe should be the unification of America, and, as a part of - North America. But from the outset, Mexico, Canada and the United States saw the importance and potential of NAFTA, from different perspectives. Agreement on the Establishment of the North American Free Trade Association (NAFTA) came into force on 1 January 1994, maintaining and reaffirming Free Trade Agreement between the United States and Canada (CUSFTA) 1988 Objectives of NAFTA Currently, NAFTA is the largest in the world of a regional free trade area, with a population of 406 million people and a combined gross product of $ 10.3 trillion dollars. Agreement on the North American Free Trade Area contains a set of arrangements, extending beyond trade in services and investment, and for the first time brings together the industrialized nations and developing countries. Creating a free trade zone in the North American region was due to several factors:
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