Which Of The Following Characteristics Relates To The North American Free Trade Agreement (Nafta)

The legislation was developed under President George H. W. Bush as the first phase of his Enterprise for the Americas initiative. The Clinton administration, which signed NAFTA in 1993, believed it would create 200,000 U.S. jobs in two years and one million in five years, as exports would play an important role in U.S. economic growth. The government expected a dramatic increase in U.S. imports from Mexico due to lower tariffs. The second NAFTA annex agreement created the BECC and nadB to promote environmental infrastructure improvements along the border. The Commission recommends, on the basis of technical and environmental criteria, projects dealing with environmental challenges for possible nadB funding.

Until March 1997, the NADB – governed and funded equally by Mexico and the United States – had received $337 million in paid-up capital and $1.9 billion in capital or callable funds made available to cover future unpaid debts (NADB 1997, p. 9). The ancillary agreement limited NADB funding to BECC-certified infrastructure projects. Mercedes, Texas, is one of the first projects of the NADB. The project, approved in late 1996 and expected to be completed in 1999, includes an interim loan from the Bank to finance a $4.1 million expansion of water and remediation facilities. Among the beneficiaries of the new public services will be 4,000 inhabitants of the colony (NADB 1998, p. 13). The North American Free Trade Agreement (NAFTA) was implemented to promote trade between the United States, Canada and Mexico. The agreement, which removed most tariffs on trade between the three countries, came into force on 1 January 1994. Between 1 January 1994 and 1 January 2008, many tariffs – notably for agriculture, textiles and automobiles – were phased out. Supporters have capped NAFTA because it has opened up Mexican markets to U.S. companies like never before.

The Mexican market is growing rapidly, which promises more export opportunities, which means more jobs. However, proponents have struggled to convince the American public that NAFTA would do more good than harm. Their main efforts have been to convince citizens that all consumers have as wide a choice of products at as low a price as possible, which means that consumers would be the main beneficiaries of lowered trade barriers. The U.S. Chamber of Commerce, which represents the interests of small businesses, was one of THE most active supporters of NAFTA and organized small and medium-sized business owners and employees to support the agreement. This support was essential to counter the efforts of organized work to put an end to the agreement. Regionalism implies a regional identity. Regional identity is a form of collective identity better understood in diachronous, rather synchronous terms. The creation of regional identities is complex, controversial and contingent. Regional identities are therefore not predefined cultural phenomena, but are made up of cultural and political institutions, social movements and governance processes. Regionalism can take the form of cultural activities in which a region tries to oppose the standardizing effects of the capital.