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Corn is one of the most important corps in both US and Mexico As theNorth American Free Trade Agreement NAFTA came into force in 1994 ithave had a profound impact on the corn trade in US and Mexico Butdoes NAFTA really benefit the corn industry in both Mexico and UnitedStates This paper analysis this question base on the impact that NAFTAhas brought to US and Mexico in the corn industry on trade volumeprices unemployment rate wages and productionNAFTA is a free trade agreement that aimed to help North America becomemore competitive in the global market by eliminating the tradingbarriers and reducing the trading costs During the creation of NAFTAthe supporters argued that trade liberalization will promote the tradebased on the comparative advantage And because the imports from Mexicoare relatively cheaper in long term this will lead to the growth ofthe Mexicos economy while US exports would open up the corn market inMexico However the majority believed that a sudden opening of themexican corn market to US exports would be extremely disruptive Thisdisaccord finally led to a negotiation which stretched NAFTAstransition to free trade for US corn exports through a 14 year period1994-2008 After the NAFTA went into effect in 1994 with the loosening traderestrictions US corn exports to Mexico have dramatically increasedHowever the situation did not totally meet up with the expectationAlthough the US exports of Yellow corn which mainly used for animalfeed has shown a success with increasing numbers the white corn whichis one of the main ingredients of tortillas and other traditionalMexican foods has steadily decreased in export volume since 2000seeappendix This result could be due to the protections for the Mexicodomestic corn market from Mexican Governments policy Beside as worldlagest agricultural producer and exporter USs massive exports oncorn forced a large number of Mexican small-scale producers to migrateto other job opportunities which directly reflects on the increasing theunemployment rateMoreover as from the date when NAFTA came into forces United Stateshad put
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