Significance Of North American Free Trade Agreement For Canada Chc2 D0 E Paper

1540 words - 7 pages

The North American Free Trade Agreement is an arrangement between the United States, Canada, and Mexico that oversees many laws on the imports and exports of products between these three nations. Buying and selling goods without taxes, fees or hindrances was conducted through this agreement. North American Free Trade Agreement is one of the most influential international agreement between these three countries that defined the economic, social and political development of the North American region. NAFTA is a fantastic deal for Canada since it opens doors and allows Canada to remain competitive on the world market, increases employment opportunities across Canada, and the elimination of tariffs decreases the price of consumer goods throughout the country.
Firstly, the North American Free Trade Agreement was an excellent deal for Canada because it increased employment opportunities across Canada. NAFTA created a vibrant employment marketplace that allowed Canada to use the strength of the agreement to boost existing talent and set the stage for future job growth. With trade increasing in Canada, the demand for more skilled labour expanded. 1 in 5 jobs were linked to international trade in Canada while helping to produce over 1.8 million new jobs for Canadian’s within the first 5 years of NAFTAs existence. “Also, no less importantly over 4.5 million jobs have been created in Canada since NAFTA. It’s done its job as we’d hoped – and then some.” Mulroney, Canada’s 18th prime minister. This shows the increase in jobs that the NAFTA created. Canada can use the [footnoteRef:1]continental platform to help Canadian businesses embrace commercial opportunities around the world. As Canada’s economy grows due to an increase in manufacturing and assembly positions, the country depends on skilled laborers, high-tech equipment, and training in these fields. Collaboration between the two countries increased employment opportunities across Canada, as well as the continent. William J. Clinton stated, "NAFTA means jobs and good paying jobs. If I didn't believe that, I wouldn't support this agreement.” [footnoteRef:2]NAFTA has constructed more jobs in different sectors from automotive to energy and agriculture. Jobs are also established in areas of transportation to get the products to the stores they are meant to be in, including the people that are needed to sell the products. In addition, grocery store clerks to acquire items prepared and ready to go for Canadian consumers to purchase. With increased economic activity in the country, more areas of employment are being available to the citizens of Canada, are is also more beneficial and more effective in the trading industry. With NAFTA, Canadian companies are becoming more profitable and competitive leading to job creation. When these businesses make money, they hire more employees, sequentially, increasing job rates in their business. In summary, NAFTA has increased employment opportunities for citizens of...

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