NAFTA



NAFTA

Introduction

The North American Free Trade Agreement is an extensive business association between Canada, the United States and Mexico, forming a free trade zone in the North American continent. January 1994. With the entry into force of the FTA were numerous duties abolished, many more have been exposed over time. The agreement came from the Canadian-American Free Trade Agreement of 1989 show that in contrast to the European Union, no supra-national exercises governmental functions, and its provisions take no position precedence over national law. It is an intergovernmental treaty. The North American Free Trade Agreement (NAFTA) has two side agreements: the North American Agreement on Environmental Cooperation (NAAEC) for environmental concerns and the North American Agreement on Labor Cooperation (NAALC) for labor rights.

Overview of NAFTA

NAFTA resulted from the extension of a previous agreement which concerned only the Canada and U.S. which includes a number of principles. The negotiations were launched by the Government of the United States under the presidency of George Herbert Walker Bush, with the representative of the Canadian government, Brian Mulroney and his counterpart Mexico , President Carlos Salinas de Gortari. The Agreement was signed on 17 December 1992 and came into force on 1 January 1994 (Chambers & Smith, 2002).

NAFTA consists of a preamble and 22 chapters grouped into 8 sections, its purpose is to increase competitiveness among Mexican companies, Canadians and Americans. Two side agreements to NAFTA were established to facilitate greater cooperation between the partners in the fields of environment and labor. North American Commission for Environmental Cooperation in Montreal headquarters, while the North American Commission for Labour Cooperation is based in Dallas, Texas. The North American Agreement on Cooperation in the field of work: aims to promote the effective implementation of national labor laws. A special commission was established within that framework. The North American Agreement on Cooperation in the field of environment and the Commission, which oversees, are responsible for reducing the risks of trade and environmental conflicts and promote the effective implementation of national legislation on the environment. The Free Trade Commission is the central institution of NAFTA. Composed of representatives of ministerial rank of the three countries, she leads the implementation of the Agreement and oversees its development. It has also, according to help settle disputes related to interpretation of the Agreement and monitor the activity of committees and working groups established under NAFTA.

The main objective of NAFTA is to eliminate ...