POL101Y1 Lecture Notes - Lecture 8: Political Union, List Of Gasoline Additives, North American Free Trade Agreement
Document Summary
Reduce cost of trade, goods can cross border with no tariffs. Expand potential market for goods, us market 9 times the size than canada free trade makes practices illegal. Only accept buds from ontario, subsidize clean energy tech only if it"s based in on, illegal to give preferential treatment headquartered in ontario versus california labour union and agricultural sector where free. Nafta late 80s early 1990s1994, jan 1. All 3 countries experienced a modest economic benefit. For canada increase in agricultural trade, exporting more than importing. Us lost manufacturing jobs as companies move to mexico for cheaper labour. Protect the right of investors in other countries. Provide protection for corporations from natioanlislization- govt seizing assets- and. Investor governed not by rules of the country but that of nafta something else. Chapter 11 gave companies the security to know they can invest in mexico despite. Mexico not be a good place to invest in.
