The North American Free Trade Agreement
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The North American Free Trade Agreement (NAFTA) has been one of the most controversial and contested trade accords of the last century. NAFTA was implemented on January 1, 1994 after years of debate in Congress. President William Jefferson Clinton was a prime proponent of the measure, and had to overcome significant resistance from within the Democratic Party to get the measure passed. NAFTA, in essence, is "a comprehensive trade agreement that improves virtually all aspects of doing business within North America. NAFTA eliminates nearly all tariffs by 2008 between the U.S. and Mexico" (ONIAA). NAFTA also removed many of the non-tariff trade barriers in North America, such as import licenses, that helped exclude some U.S. products from the Mexican and Canadian markets. NAFTA grew out of the existing U.S. Canadian Free Trade Agreement, which had been implemented in 1989. The idea for NAFTA originated in 1990, when then Mexican President Salinas contacted President Bush to propose negotiating a free trade agreement between Mexico and the U.S. President Bush thought that "further integration with
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Approximate Word count = 748
Approximate Pages = 3 (250 words per page)
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