Political Science 2211E Lecture Notes - Lecture 20: Foreign Corporation, Eu Three, North American Free Trade Agreement
Document Summary
Free trade agreement that overlooks nafta and a minister from each country. Separate bodies that polices whether or not nafta is meeting its standards and regulations; eg. , environmental standards. What is nafta: does not deal with tra cking of illegal drugs; responsibility of individual countries to create a policy. The nafta experience: nafta has met the political objectives (signatories), but has not lived up to the exaggerated promises of its supporters, nafta has not failed and has not hurt the economies of the 3 countries. Investor-state dispute settlement mechanism: the net results of the free trade agreement mechanism is much greater. Globalization/free trade experience = use nafta as an example on the exam. Negotiating ceta: negotiations began may 2009; deal signed august 2014. Eu represents large and important market for canada: the eu represents a huge opportunity for canada and is canadas second largest treading partner next to the us.