The North American Free Trade Agreement (NAFTA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America. It eased restrictions on commerce between the United States, Canada and Mexico by providing duty-free trade on multiple classes of goods and introducing new regulations to encourage cross-border corporate investment.

In a survey of leading economists, 95% supported the notion that on average, US citizens benefited on NAFTA. In 2015, the Congressional Research Service concluded that the "net overall effect of NAFTA on the U.S. economy appears to have been relatively modest, primarily because trade with Canada and Mexico accounts for a small percentage of U.S. GDP.

However, the migration of workers from Mexico City and further south in numbers not easily accommodated in small border towns produced overpopulated slums with high living costs for the Mexican workers. Nonetheless, some argue that the competition between Asia and the U.S. could have become worse without the temporary low-cost labor available to U.S. companies in Mexico. NAFTA may have eliminated tariffs between the U.S., Canada and Mexico, but it didn't do away with the numerous customs regulation that can stifle trade. Rule of origin regulations decide whether a good qualifies for trade under NAFTA guidelines, and exporters must complete certificate of origin paperwork.

Republican presidential front-runner Donald Trump says he wants to be able to slap tariffs on U.S. companies that choose to make their products overseas, and he's willing to violate existing trade deals to do it. "We will either renegotiate it or we will break it," Trump said of the landmark free trade agreement between the U.S., Canada and Mexico, panning it as "a disaster." - Trump said.

Latest news on NAFTA & the Economy

AUD/USD Forex Technical Analysis ' April 25, 2019 Forecast
The Australian Dollar is trading nearly flat on Thursday after yesterday's steep sell-off. The financial markets are closed in Australia so the major banks ...
>> Read more here

Forex Today: Won sold-off into intervention talks, a light calendar ahead
Forex today witnessed a broad-based US dollar retreat in holiday-thinned Asian trading, as the dollar bulls took a breather heading into the US ...
>> Read more here

Forex - Yen Edges Up After BOJ Meeting; Yuan Down on PBOC's Comments
Investing.com - The Japanese yen edged up on Thursday in Asia following of the release of the Bank of Japan (BOJ)'s interest rate decision. The BOJ ...
>> Read more here

Average exchange rate 2018 aud to usd
The Thailand Baht exchange rate for January, 2019 averaged 31. The GDP of a country is a strong determinant of the exchange rate of a country.
>> Read more here

USD/JPY Forex Technical Analysis ' April 25, 2019 Forecast
The Dollar/Yen is trading lower shortly before the release of the BOJ's Outlook Report, Monetary Policy Statement and Policy Rate decision. Look for ...
>> Read more here

USD/JPY: No response to BOJ's status quo decision
USD/JPY has barely moved in response to BOJ's decision to keep key ... The central bank rates kept the interest rates at -10bps while maintaining ...
>> Read more here

USD/JPY Fundamental Daily Forecast ' BOJ Expected to Leave Rates Unchanged, Could ...
The Dollar/Yen is trading lower on Thursday as investors square positions ahead of the release of the Bank of Japan interest rate decision, the BOJ ...
>> Read more here

Obama and the economy
Obama economy
Putin and the economy
Putin economic
Greenspan Economics
Alan Greenspan economics
The FED and the economy
Federal Reserve economy
International Monetary Fund
IMF economics
World Bank & the economy
World Bank economy
Deutsche Bank
Deutsche Bank economy
European Union economy
European Union economy
China economy
China economy
NAFTA and the economy
NAFTA and the economy
GOLD in the economy
GOLD in the economy
SILVER in the economy
SILVER in the economy