PSCI283 Lecture Notes - Lecture 8: North American Free Trade Agreement, Avocado, Office Of The United States Trade Representative

• School: University of Waterloo
• Department: Political Science
• Course: PSCI283
• Professor: Caitlin Scott

Document Summary

Usmca or cusma renegotiated nafta agreement between canada, us, mexico. History of nafta: came into force in 1944, most ambitious free trade agreement at the time, created the world"s largest free trade area, regan"s idea. Impacts of nafta it changed the way we eat. Lifted ban on avocado imports tripling of merchandise trade: development of regional value chains". Rvc process a product goes through to be completed. Development of regional value chains for cars especially losses to u. s and canadian manufacturing. A lot of manufacturing jobs went to mexico. Electronic and automobile industry job loss: restructured agriculture sector in mexico (among others) Mexican farmers were facing a lot for cheap corn from the us. Mexican farmers couldn"t compete with the cheap corn imports. Increased oil and gas and gas exports to the u. s from canada. Canada a significant exporter of oil and gas to the us.