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2. Introduction
NAFTA refers to North American Free Trade
Agreement.
It was signed between US, Canada and
Mexico.
Was to foster trading activities among the
nations that are party to it.
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3. The main objectives of
NAFTA
Establishment of a free trade area as
stipulated by the agreement.
Goods and services are able to move into the
markets of the partners without limitations.
Prices of the goods and services are also to be
determined by the supply and demand in the
markets.
This is the kind of environment that NAFTA
aims to create for the nations that are party
to the agreement.
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4. Promotion of Conditions for
Fair Competition
Fair competition is created in the free trade area.
Businesses across the region have been
empowered to produce high quality products.
This is for the market in the region as well as
across its borders.
Businesses gain unrestricted access to materials,
investment capital and technologies.
This help them deliver competitive products to
the global trading platform.
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5. Adequate and Effective
Protection
It provides effective protection and
enforcement of intellectual property rights.
This is in the territories of the signatories to
the agreement.
It has got measures aimed at solving disputes
that may arise as a result of ownership of
intellectual property rights.
Investors and creators of various projects are
able to enjoy the benefits of their work.
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6. Other Objectives
Enhance investment opportunities in the countries.
NAFTA ensures that businesses in the region have
access to investment capital, technologies and
materials.
Creating effective procedures for ensuring that this
agreement is implemented and applied effectively.
Establishment of a framework that can enhance
further trilateral, multilateral or regional
cooperation.
This is for the expansion and enhancement of the
benefits of this agreement.
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7. For More Information About
Objectives of NAFTA
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