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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 863 |
Essay's paper body
This agreement was constructed and approved in January of 1992 and formed the largest free trade area. NAFTA eliminated and reduce tariffs and non-tariff barriers in addition to comprehensive provisions in the way trade was conducted between these countries.
Conclusion
NAFTA was born out of the original Canada-US Free Trade Agreement of 1988, which did change the existing agreement concepts, but essentially eliminated all tariffs on goods...
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Mexico was not included in the original trade agreement; however was added with the suggesting by the US in order to have free trade between borders. Mexico and Canada's trade was contingent on the United States agreement between both countries, which the two countries did not eliminate most of their tariffs until 2003...
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General points of the essay
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Explain why the theory of comparative advantage is the basis for international trade (mutual benefit from trade).
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