Editing Difference Between NAFTA and USMCA
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=== Highlights of NAFTA === | === Highlights of NAFTA === | ||
− | One of the main points of the agreement is the removal of trade barriers between the three signatories. The aim of this was to increase investment opportunities due to the elimination of tariffs on a majority of goods being traded between the three nations. These goods touch several major industries, including but not limited to agriculture, automobiles, and textiles. In addition to that, NAFTA paved the way for elimination of tariffs in areas like accounting, engineering, construction, advertising, commercial education and | + | One of the main points of the agreement is the removal of trade barriers between the three signatories. The aim of this was to increase investment opportunities due to the elimination of tariffs on a majority of goods being traded between the three nations. These goods touch several major industries, including but not limited to agriculture, automobiles, and textiles. In addition to that, NAFTA paved the way for elimination of tariffs in areas like accounting, engineering, construction, advertising, commercial education and 7. |
In 2008, nontariff barriers were eliminated. Mexico’s border and interior was opened to U.S. truckers as well as streamlining requirements on licensing and border processing. NAFTA also led to the establishment of standards in health, safety and industrial sectors. | In 2008, nontariff barriers were eliminated. Mexico’s border and interior was opened to U.S. truckers as well as streamlining requirements on licensing and border processing. NAFTA also led to the establishment of standards in health, safety and industrial sectors. |