Free trade agreement
What is The Free Trade Agreement? The Free Trade Agreement or FTA is more than just exchanging goods between Canada and America. The FTA, best understood in the words of Ronald Reagan is “ A new economic constitution for North America.” (Cameron Pg. 3). It is an exchange of goods between Canada and America, free of taxes on import and export products, so each of the countries benefits from the other’s industry. The signing of the Free Trade Agreement replaced the General Agreement on Trade and Tariffs or GATT. There are many advantages and disadvantages of the Free Trade Agreement between Canada and America, yet Canada is not getting much of a good deal, only in certain ways are Canadians at an advantage. Some advantages are: an increase in production, and better U.S-Canada relations. Some of the disadvantages are: diminished population growth, loss of jobs, diminished sovereignty, and workers facing concessions on wages, working conditions, and living standards. To begin, an advantage to the FTA is an increase of production. Canadian businesses would increase production to keep up with American producers, so as not to be bought out. With more investment in Canadian businesses due to elimination of tariffs, Canadian indus
Therefore, the disadvantages of the Free Trade Agreement outweigh those of the advantages, so Canada is not getting a very good deal. The only good the FTA does is to increase production and help our relations with the U.S. On the other hand, the FTA is bad in many ways by not letting our population grow, raising unemployment, diminished sovereignty and making conditions on our hard workers unbearable by losing healthcare. America may someday under the FTA absorb Canada completely unless we retain our independence by raising tariffs, or by going back to the GATT which would allow for more trade with other nations, not just America with tariffs to give money back to the economy and Canadian businesses. Another reason why the Free Trade Agreement is an advantage to Canada is that it helps relations between Canada and the U.S, because the two nations have not always seen eye to eye, they now have something to connect them. The FTA helps the two countries get on each other’s good side due to help from one another in business and trade. To sum it up, there are not very many reasons why the Free Trade Agreement is an advantage, but there are some. try will grow and expand, increasing production and efficiency (Bain There are many reasons why the FTA is a disadvantage. Firstly, the population of Canada isn’t increasing like it should; because of the FTA our workers are going to America to get jobs because America can offer more money to their workers becaus
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Approximate Word count = 992
Approximate Pages = 4 (250 words per page double spaced)
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