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Good Essay Good Info Hand over the rights to Jen schriver NAFTA - Canadas Mexicos Viewpoints When the CanadaUS free trade agreement came into effect the Mexicans were very impressed by the provision and opportunities that opened for both sides Mexico then approached the US seeking to form a similar agreement with them This brought forth a new issue in Canada should they let Mexico and the US form an agreement without them Or should they participate thus transforming their deal with the US into a trilateral agreement including Mexico On June 12 1991 the trade ministers of Canada the United States and Mexico met in Toronto to open negotiations for a North American Free Trade Agreement NAFTA This was an historic occasion For the first time ever a developing country agreed to sit down with two industrial countries to craft an agreement that would open its economy to full competition with the other two countries If successful the agreement promised to make the whole North American continent into one economic zone and set an important precedent for trade and economic cooperation between the wealthy countries of the North and less developed countries of the South The challenge before them was both exciting and daunting A little more than a year later the three trade ministers met again in Washington to put the finishing touches on a new North American Free Trade Agreement In just over a year the negotiators from the three countries had successfully met the challenge and put together a new trading frame work for North America The North American Free Trade Agreement NAFTA was set to be implied The North American Free Trade Agreement often raises questions regarding the new economic trading blocs around the world The twelve-nation European Community EC a Central American free trade zone and a
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