Briefly Explain the Impact of NAFTA

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The Answer is Student answers will vary but should demonstrate knowledge of how NAFTA has affected its member countries. The North American Free Trade Agreement (NAFTA)combined the economies of the United States, Canada, and Mexico into the world's largest trading bloc with nearly 444 million U.S., Canadian, and Mexican consumers and total trade reaching $1.1 trillion. Although the United States has a long-standing agreement with Canada, Mexico quickly after NAFTA became the United States's third-largest trading partner. U.S. industries that have benefited include capital goods suppliers, manufacturers of consumer durables, grain producers and distributors, construction equipment manufacturers, the auto industry, and the financial industry, which gained privileged access into a previously protected market.

Briefly Explain the Impact of NAFTA

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