When the North America Free Trade Agreement was proposed, my opinion was that it will cheapen our labor and move more of this countries’ industry to Mexico, resulting in lost jobs to many Americans. According to an article in Foreign Affairs published by the Council on Foreign Relations in the January/February 2014 issue, NAFTA “economically speaking” has done a lot for all three countries and “for the United States, the economic consequences of these reforms…have been dramatic.” The article also states that the United States should continue this trend and open more markets “beyond its borders.” Not only has this agreement attracted economic investment in all three countries, it has expanded economic prosperity together with security, protection of the environment and a mutual respect of labor rights for all employees. At present the United States has free trade agreements with Jordan, Chile, Singapore, Australia, Morocco, Bahrain, the Dominican Republic and five countries in Central America, Peru, Colombia, Panama and Korea and is currently negotiating a free trade agreement with Malaysia. Both Canada and Mexico have free trade agreements with the European Free Trade Association. From this research, my opinion may have changed on the importance of these agreements between countries for the betterment of the world, economically as well as environmentally.
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