The North American Free Trade Agreement - 1118 Words

The North American Free Trade Agreement(NAFTA) has tremendously helped Canada and its economic well- being. On the beginning of the year of 1994, an agreement on the basis of trading between Canada, the United States of America, and Mexico was made. This agreement was based on the motive of free trade, such that of paying significantly less in import and export taxes between the three nations. NAFTA has aided North America extensively, that being said helping Canada’s economy is no exception to it’s role. NAFTA has greatly helped Canada by growing the economy, creating more jobs, to improving prices and selection in consumer goods. In conclusion, NAFTA has been a big asset to Canada’s economic growth. NAFTA imperishably developed the†¦show more content†¦One important part of any country’s development is its economy. Canada’s economy with the help of the North American free trade agreement has branched over to new sectors of trade development never seen before. NAFTA has increased the overall growth rate of the Canadian economy, increased international trades, and has strengthened relationships with international partners in return. NAFTA has composed more jobs for Canada. In Canada, international trade is very usual, in fact, 1 in 5 is linked to international trade. NAFTA assisted on making over 1.8 million new jobs which were just the 5 years that NAFTA existed. In Canada, trade is growing vastly, which produces more people trying to do work that is lead onto the country because the more jobs mean more money that is spent on goods that are imported from other countries. Canadian companies who are partnered with the trade sector will be compelled to appoint those who are capable of working because more products mean increased work and increased jobs. NAFTA has also has conceived more jobs in diverse sectors from automotive to energy, to agriculture. With trading happening between not only countries affiliated with NAFTA but, every country, which means increased amount of jobs are composed to carry on with the schedule that countries are giving Canada. One essential part of any economy is the job market, the N orth American free trade agreement