North American Free Trade Agreement (NAFTA) established

Category
Trade
Place
Americas
Date
1994
Reference
Excerpts from Books and Wikipedia
"The North American Free Trade Agreement (...) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America . . . .Most economic analyses indicate that NAFTA has been beneficial to the North American economies and the average citizen, but harmed a small minority of workers in industries exposed to trade competition. Economists hold that withdrawing from NAFTA or renegotiating NAFTA in a way that reestablishes trade barriers will adversely affect the U.S. economy and cost jobs. However, Mexico would be much more severely affected by job loss and reduction of economic growth in both the short term and long term." [Wikipedia] "Mexico’s post–Cold War guerrillas, the new Zapatistas, were quite different, a newly formed organization, involving primarily indigenous people in the far south of the country, Chiapas. This uprising was a direct protest against the North American Free Trade Agreement (NAFTA) and the country’s neoliberal turn. The rebels believed neoliberalism would ruin their economic chances as small producers. They were right." [Born in Blood & Fire: A Concise History of Latin America, 4th Ed., p. 340]

This event is linked to the following periods

PeriodMiner
Begin
End
Category
Trade
-3800
2020
Transcultural