North American Free Trade Agreement After Five Years

Economic motivations are generally the major driving force for the formation of free trade agreements among countries, but there are other reasons countries enter into FTAs, including political and security factors. Trade agreements were also expected to improve investor confidence, attract foreign investment, and create jobs. Mexico may have other reasons for entering into FTAs, such as expanding market access and decreasing its reliance on the United States as an export market. This book provides an overview of the North American Free Trade Agreement, the current functions of the free trade agreement, and the effects of this agreement which have affected both countries over the last five years.