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NAFTA and Political Parties

13.9 17.9

1/1/94 67.7 48.9

Within five years 76.2 66.3

Within 10 years 99.3 98.1

Within 15 years 100 100

2. Mexico guaranteed for the life of NAFTA the benefits of

recent Mexican laws liberalizing the treatment of foreign

3. Under side agreements, the U.S. and Mexico agreed to spend a total of $800 million on environmental cleanup on both sides of the border and set up a procedure whereby any citizen could complain to a neutral panel of experts of any failure by either country to enforce its environmental laws and such panels would handle disputes involving minimum wages, child labor and worker safety.

4. Mexico agreed to establish legal protection for U.S. and Canadian intellectual property used in Mexico.

5. Trade Adjustment Assistance would be available to American workers whose jobs were lost because of the effects of NAFTA.

From the mid-19th century until the 1930s, the Republican Party had generally favored high tariffs and other forms of trade protectionism and the Democratic Party freer trade. The extension of free trade had generally been supported by both parties until the 1980s when protectionist sentiment built up in the Congress in the wake of job losses attributed to foreign competition. The share of foreign imports subject to tariffs rose from eight percent in 1975 to 21 percent in 1984. The leadership of the movement against freer trade originated within the Democratic Party. In 1988, Gus Tyler, the President of the International Lady Garment W

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NAFTA and Political Parties. (1969, December 31). In LotsofEssays.com. Retrieved 03:24, May 02, 2024, from https://www.lotsofessays.com/viewpaper/1692729.html