The North American Free Trade Agreement (NAFTA) was implemented on January 1st, 1994 and is an agreement to remove both tariffs and investment barriers between the United States, Canada, and Mexico, as well as encourage further trade. NAFTA incorporates the previous 1989 agreement between the United States and Canada to remove tariffs on agricultural trade. Mexico and Canada had a separate agreement on agricultural products that eliminated most of the tariffs over a fifteen year period. The full provisions of the NAFTA agreement, including the elimination of all tariffs, were implemented fourteen years after the first signing of NAFTA on January 1st, 2008.

1. NAFTA

3. INTRODUCTION
BACKGROUND:
The North American Free Trade Agreement (NAFTA) was
implemented on January 1st, 1994 and is an agreement to
remove both tariffs and investment barriers between the United
States, Canada, and Mexico, as well as encourage further trade.
BENEFITS:
 NAFTA has increases trade between the three nations.
 According to the Office of the US Trade Representative, between
1993 and 2009, US goods and services trade with NAFTA tripled
from $297 billion to $1.6 trillion.
 In addition the NAFTA partners were the top two purchasers of US
exports in 2010, with Canada purchasing $248.2 billion and
Mexico $163.3 billion.

4. IMPACT OF NAFTA
NAFTA'S ECONOMIC IMPACT:
NAFTA, has helped boost intraregional trade between Canada,
Mexico, and the United States, but has fallen short of generating the
jobs and the deeper regional economic integration its advocates
promised decades ago.
IMPACT ON MEXICO:
Mexico has enjoyed an intangible benefit of NAFTA. The country has
adopted orthodox economic management practices and is no longer
prone to crises.
IMPACT ON CANADA:
Canadian manufacturing employment held steady, though the
"productivity gap" between the Canadian and U.S. economies wasn't
narrowed: Canada's labor productivity stood at 72 percent of U.S. levels
in 2012 despite Canada's highly educated work force.

5. SUCCESS OF NAFTA
CANADA:
1. BOMBARDIER TRANSPORT DIVISION:
2. UNIQUE SOLUTIONS:

6. UNITED STATES:
1. CATERPILLAR:
2 MARY KAY :

7. MEXICO:
1. MABE:
2. GRUPO MODELO:

8. ACHIEVEMENTS AND CHALLENGES
NAFTA promote trade and investment among the partner countries but not
everything that exuberant politicians promised.
High-profile failures involving softwood lumber, trucking, and sugar mar an
otherwise solid record on regional trade and investment.
In January 1994, NAFTA represented a $6 trillion economy with a population
of 360 million. Ten years later, the NAFTA area grew to a $12.5 trillion
economy with a population of 430 million.
North American firms have restructured to take advantage of economies of
scale in production and intra industry specialization.