Some of the country`s family businesses were dissolved and farmers went to factories where, according to critics, workers had lower wages, less autonomy and worse working conditions. NAFTA, the North American Free Trade Agreement, has removed many tariffs and other barriers to trade between the United States, Mexico and Canada. Since then, trade between the three countries has increased several times. But not everyone celebrated this development. Let`s take a look at the pros and cons of NAFTA. NAFTA has six main advantages. According to a 2017 report by the Congressional Research Service, the law has more than tripled trade between Canada, Mexico and the United States since its passage. The agreement reduced and eliminated tariffs. Many critics of NAFTA saw the deal as a radical experiment developed by influential multinationals who wanted to increase their profits at the expense of ordinary citizens of the countries concerned.
Opposition groups argued that the general rules imposed by NAFTA could undermine local governments by preventing them from passing laws or regulations to protect the public interest. Critics also argued that the treaty would lead to a significant deterioration in environmental and health standards, promote the privatization and deregulation of key public services, and displace family farmers in signatory countries. The North American Free Trade Agreement (NAFTA) was inspired by the success of the European Economic Community (1957-93) in eliminating tariffs to boost trade among its members. .