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Business
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| Number of pages / Number of words: |
5 / 1279 |
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The second disadvantage is that they are not good vehicles for liberalizing trade in sectors on which parties outside the agreement have a major influence (Hill, et al). The governments of the United States and Canada in 1988 agreed to enter into a free trade agreement, which took effect January 1, 1989...
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The goal of the agreement was to eliminate all tariffs on bilateral trade between Canada and the United States by 1998. This was followed in 1991 by talks among the United States, Canada, and Mexico aimed at establishing NAFTA for the three countries. The talks concluded in August 1992 with an agreement in principle, and the following year the agreement was ratified by the governments of all three countries (Hill, et...
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