How Nafta has been framed since inception Research Paper

How Nafta has been framed since inception - Research Paper Example While discussing treaties and agreements, it is essential not to leave out the diverse types of agreements which are considered the most important and imperative. Some of these essential conformities include International Investment Agreement, International Taxation Agreements and most importantly Trade and Commerce Agreements. The most widespread term that we see when trade agreements are discussed, is â€Å"NAFTA†. The North American Free Trade Agreement (NAFTA) is one of the most important accords signed by the American government. This agreement has been shared with the governments of two most central bordering areas of the United States i.e. Mexico and Canada. This agreement came into power on January, 1994. The administrative centers of this agreement are in Mexico City, Ottawa, and Washington, D.C. NAFTA was signed between President George H. W. Bush of US, Prime Minister Brian Mulroney of Canada and Mexican President Carlos Salinas. Following were the advantages and motivations of the generation of this agreement: NAFTA was signed by the three countries to amplify the trade the trade process so that more and more items could be imported and exported to and from these countries. It was about time that the trio apprehend and grasped the magnitude of trade for their realms. As Tamarkin and Bayer have clarified that â€Å"The lifeblood of global connections is world trade. There is evidence of human trading from prehistoric times.† (288) and this specifies the importance of trade and dealing for countries. As far as the area of benefit is concerned when it comes to the state of Mexico, signing this agreement was important because the NAFTA agreement ostensibly eggs on superior colonization among the trio. The increased immigration from Mexico to the US has become even more of a flashpoint. Although this is not the case when it comes to the relationship between Canada