Question

What is one of the benefits of NAFTA for Mexico?

Answer 1

Employment in maquiladoras

Explanation:

• 1. NAFTA(North American Free Trade Agreement) was helping to eliminate the barriers in the trade and investment between Canada, Mexico and the U.S.
• 2. NAFTA implemented on January 1, 1994, brought the sudden abolishment of tariffs on more than one -third of United State’s exports to Mexico and one-half of Mexico’s exports to United Staes.
• 3. NAFTA helped Mexico to get more private investments but initially, NAFTA failed to create jobs but later it was successful.