What is NAFTA?
NAFTA stands for the North American Free Trade Agreement. It was a trade agreement between the United States, Mexico, and Canada. Basically, it made it easier for these countries to trade with each other. It was established to counter other trade agreements that had been established around the world. For example, the Europeans created the European Union. This agreement made it easier for European countries to trade with each other. There also was a trade agreement between the countries in Asia that favored those countries. It was called the Asian Pacific Economic Corporation.
The debate surrounding the approval of this treaty was very strong. There were many concerns the agreement would hurt American workers. People thought jobs would leave this country and go to Mexico. That, however, has not been the case. The agreement has benefited the American economy and workforce. Despite the concerns, this agreement has been beneficial to the United States.