Free Trade Agreement Between Canada And Usa

Critics of the deal argue that NAFTA is responsible, at least in part, for these trade deficits and the striking loss of manufacturing jobs in the United States over the past decade. But manufacturing jobs began to decline before NAFTA. The NAFTA debate continues. From 1935 to 1980, the two nations concluded a series of bilateral trade agreements that sharply reduced tariffs in both countries. [5] The most important of these agreements was the Automotive Products Trade Agreement of the 1960s (also known as the Auto Pact). [6] [7] As stated in the agreement, the main objectives of the Canada-U.S. Free Trade Agreement were as follows: the phenomenon of “cross-border shopping,” in which Canadians would take day trips to U.S. border towns to use duty-free goods and a high Canadian dollar, caused a mini boom for those cities. . .

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