Who Signed a North American Trade Agreement with Mexico and Canada Quizlet?

The North American Free Trade Agreement (NAFTA) was a comprehensive trade agreement signed between the United States, Canada, and Mexico on December 17, 1992. The agreement aimed to encourage trade between the three countries by eliminating tariffs on goods and services traded between them.

NAFTA was signed by then-President of the United States, George H.W. Bush, Mexican President Carlos Salinas de Gortari, and Canadian Prime Minister Brian Mulroney. It went into effect on January 1, 1994, and has since become one of the most significant trade agreements in modern history.

NAFTA was designed to promote free trade between the three countries, and it did so by eliminating barriers to trade, including tariffs, non-tariff barriers, and investment restrictions. The agreement also included provisions for the protection of intellectual property rights and the resolution of disputes between the signatory nations.

NAFTA led to a significant increase in trade between the United States, Canada, and Mexico. It allowed American companies to expand their manufacturing operations into Mexico and Canada, taking advantage of the lower labor costs and raw materials available in those countries. It also increased the competitiveness of American companies in global markets by giving them access to the larger North American market.

Despite its many benefits, NAFTA has also been the subject of controversy and criticism. Some critics argue that it has led to job losses in the United States and Mexico, particularly in the manufacturing sector. Others argue that it has contributed to environmental degradation and the exploitation of workers in Mexico.

In 2018, the United States, Canada, and Mexico renegotiated NAFTA, resulting in the United States-Mexico-Canada Agreement (USMCA). The new trade agreement addressed some of the criticisms of NAFTA, including increased labor protections and environmental regulations. The USMCA was signed by President Donald Trump, Canadian Prime Minister Justin Trudeau, and Mexican President Enrique Peña Nieto on November 30, 2018.

In conclusion, NAFTA was signed by George H.W. Bush, Carlos Salinas de Gortari, and Brian Mulroney in 1992. The agreement aimed to promote free trade between the United States, Canada, and Mexico and has since become one of the most significant trade agreements in modern history. While it has been subject to criticism, it has also led to increased trade and competitiveness, benefiting all three countries.