Answer:
Explanation:
NAFTA has six main advantages. According to a Congressional Research Service report prepared in 2017, the act has more than tripled trade between Canada, Mexico, and the United States since it was enacted.4 The agreement reduced and eliminated tariffs.
Second, greater trade increased economic output. The U.S. International Trade Commission found that that full NAFTA implementation would increase U.S. growth by as much as 0.5% a year.5
Third, NAFTA's stronger growth created jobs. According to a 2010 report, U.S. free trade agreements—the lion's share of which stemmed from the NAFTA agreement—directly supported 5.4 million jobs, while trade with these countries supported 17.7 million.6
Fourth, foreign direct investment (FDI) more than tripled. The United States increased FDI in Mexico from $15.2 billion in 1993 to $104.4 billion in 2012, and from $69.9 billion in Canada in 1993 to $352.9 billion in 2015.7 Mexico ramped up investment in the United States by 1,283% over the same time period, while Canada's FDI increased by 911%.
