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Nafta final ppt1 Nafta final ppt1 Document Transcript

  • Institute Professional Educationand Research NAFTA- NORTH AMERICAN FREE TRADE AGREEMENT PRESENTED BY: POOJA ROHANI POOJA SINGH PARIHAR POOJA VERMA RADHESHYAM PATEL
  • HISTORY OF NAFTANAFTA is an agreement signed by the governments of the United states, Canada and Mexico creating a trilateral trade bloc in North America.Members: Canada, Mexico & United StatesOfficial languages: English, French and SpanishSecretariats: Mexico city, Ottawa, Washington D.C.Establishment: 1 January 1994GDP of NAFTA alliance: USD 12 trillionNAFTA supplements: NAAEC & NAALC
  • BACKGROUND In 1988 Canada & the United States signed the Canada-United states Free Trade Agreement The American government then entered into negotiations with the Mexican government for a similar treaty Canada asked to join the negotiations in order to preserve its perceived gains under the 1988 deal The agreement NAFTA was signed by • U.S. president - George H. W. Bush, • Canadian prime minister - Brian Mulroney • Mexican president - Carlos Salinas in San Antanio, Texas on December 17,1992.
  • OBJECTIVES OF NAFTA  To eliminate trade barriers & facilitate the cross-border movements of goods and services between the parties  To promote conditions of fair competition  To substantially increase investment opportunities  To provide adequate and effective protection & enforcement of intellectual property rights in each territory  To create effective procedures for the implementation and application of this agreement ,for its joint administration & for resolution of disputes  To establish a framework for further trilateral, regional and multilateral co-operation to expand and enhance benefits of this agreement
  • CONTRIBUTION TO NAFTAMEMBER COUNTRY CONTRIBUTION / SUPPLYUNITED STATES Technology, Services, and data processing, medical and space research and capitalCANADA Mineral, forest products, energy and technological expertise Labors, Petroleum andMEXICO agricultural products
  • MEMBERS OF NAFTAThe agreement was signed by- Government of Mexico Government of Canada Government of United States
  • TRADE WITHIN THE GROUPProvides job opportunities :Employment in Canada grew by 11 percent, generating 1.8 million new jobs;Employment in Mexico grew by 22 percent, generating 2.2 million new jobs; anEmployment in the United States grew by more than 16.3 percent, generating 18.1 million new jobs.WORKS FOR SMALL AND MEDIUM SIZED BUSINESS97 percent of Canadian, 96 percent of U.S. and 95 percent of Mexican exporters are small and medium sized businesses.
  • NAFTAs partners created an independent and effective rules-based system in order to avoid disputes within the groupMain production within the group is of Electronic, Automative and Textile industries.
  • TRADE WITH REST OF THE WORLDINDIA’S EXPORT TO NAFTA INDIA’S IMPORT FROM in 2005-2006 NAFTA in 2005-2006 Total USD 18,817.71 millions Total USD 10472.22 millions
  • INDIA’S TRADE WITH USA INDIA’S MAJOR EXPORTS INDIA’S MAJOR IMPORT ITEMS ITEMS PRECIOUS STONES SOPHISTICATED MACHINERY DIAMONDS & GOLD JEWELLARY ELECTRICAL MACHINERY WOVEN APPAREL MEDICAL & SURGICAL EQUIPMENTS KNIT APPAREL AIRCARFTS, SPACE CRAFTS FISH & SEAFOOD PLASTIC IRON/STEEL PRODUCTS WOOD PULP ORGANIC CHEMICALS METALS
  • INDIA’S TRADE WITH CANADA INDIA’S MAJOR EXPORT INDIA’S MAJOR IMPORT ITEMS ITEMS READYMADE GARMENTS NEWSPRINT – IN ROLLS OR SHEETS GEMS,JEWELLARY & PRECIOUS COPPER ORES AND STONES CONCENTRATES ENGINEERING GOODS PEAS – DRIED AND SHELLED IRON & STEEL ARTICLES IRON SCRAP,POTASH, COPPER COFFEE WOOD PULP SPICES MINERALS ORGANIC CHEMICALS INDUSTRIAL CHEMICALS
  • INDIA’S TRADE WITH MEXICO INDIA’S MAJOR EXPORT ITEM INDIA’S MOJOR IMPORT ITEM TRANSPORT EQUIPMENT ARTICLES OF IRON OR STEEL DRUGS, PHARMACEUTICAL IRON & STEEL READYMADE GARMENTS PLASTIC & ARTICLES THEREOF INORGANIC/ORGANIC NUCLEAR REACTOR CHEMICALS MACHINERY & INSTRUMENTS MEDICAL OR SURGICAL EQUIPMENTS ELECTRONIC GOODS ORES,SLAG AND ASH DYES & INTERMEDIARIES ORGANIC CHEMICALS
  • CONCLUSION NAFTA has played an important role in the overall development of the three nations - the progressive elimination of tariffs & trade barriers,- Dispute resolution- Commitment to intellectual property & environment legislation- Mutual entry into governmental bidding & the financial and other service sector But on the other hand it is also responsible for causalities like loss of jobs, migration, rising level of inequality and many others.