Nafta Project

A PROJECT REPORT ON NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)

SUBMITTED BY IYER ARUN K N NARAYANAN ROLL NO.12M108 MASTER OF COMMERCE (M.COM) (BUSINESS MANAGEMENT) SEM- I

UNDER THE GUIDANCE OF Prof: Sunandha Narayan

SUBMITTED TO UNIVERSITY OF MUMBAI 2012-2013

CHETANA’S

HAZARIMAL SOMANI COLLEGE OF COMMERCE AND ECONOMICS BANDRA (EAST), MUMBAI – 400 051.

CHETANA’S

HAZARIMAL SOMANI COLLEGE OF COMMERCE AND ECONOMICS  BANDRA (EAST), MUMBAI  – 400 051.

CERTIFICATE  We hereby certify that Mr. Iyer Arun K N Narayanan_ of Chetna  College studying in M.COM (Business Management) (Semester I) has completed project on North American Free Trade Agreement (NAFTA) the

academic year 2012-2013. The information 

submitted in the project is true and original to the best of our knowledge.

 ___________________

___________________ 

INTERNAL EXAMINER

EXTERNAL EXAMINER

_________________ CO-ORDINATOR

________________ PRINCIPAL

I Iyer Arun K N Narayanan the student of M.COM (Business Management) (Semester I ) (2012-2013) hereby declare that I have

completed the project on North American Free Trade Agreement (NAFTA) The information submitted is true and original to the best of my knowledge.

Signature of Student: ______________ Name of student: Iyer Arun K N Narayanan Roll No. 12M108

ACKNOWLEDGEMENT The first and foremost words of gratitude go to my faculty guide, Prof: Sunandha Narayan for her invaluable support. .I thank cordially for her guidance provided for the

completion of project successfully.

The project “ North American Free Trade Agreement (NAFTA) is creative work. Any undertaking as ambitious as project requires the assistance and aid of several individual for successful completion I would like to take this opportunity to express my sincere gratitude to everyone who has helped me to make project.

I specially thank to the Varghese Sir for guiding me with the proper guidance, which assisted me in the completion of the project.

INDEX Ch.no.

1. 1.1 1.2

Topic EXECUTIVE SUMMARY INTRODUCTION History

Pg No.

1-4

1.3

 NAFTA’s Naming When was it formed?

1.4

How was it formed?

1.5

Why was it formed?

1.6

Key Goals

2.

Important Provisions

2.1

Elimination of  Trade barriers

2.2

Protection for Import Sensitive Crop

2.3

Sanitary and Phytosanitary Measures

2.4

Export Subsidies

2.5

Rules of Origin

3

Procedures for Implementation

3.1

Committee on Agricultural Trade

3.2

Committee on Sanitary and Phytosanitary Measures

4

Economic Benefits

4.1

Economic Benefits to US

4.2

Economic Benefits to Mexico

4.3

Economic Benefits to Canada

5

Advantages of NAFTA

14-17

6

Disadvantages of NAFTA

18-19

7

Criticism and Controversies

20-23

8

Certificate of Origin of NAFTA

24-26

9

Barack Obama’s Role in the Free Trade

27

10 11

Conclusion Bibliography And Webliography

31

5- 7

6-7

9-13

EXECUTIVE SUMMARY The main objective of NAFTA is to remove all trade barriers between the governments of the United States, Canada and Mexico create a trilateral trade bloc in North America.

NAFTA is developed with a view to enhance business and trade relations between these three countries and promote conditions for fair competition and increase in investment opportunities. The aims of this project is to analyze NAFTA fully from the time of its formation to the present time and increase cooperation between these three countries for improving working conditions in North America, create an expanded and safe market for goods and services produced by establishing clear and mutually advantageous trade rules. Thus NAFTA has created the world’s largest free trade area by eliminating tariffs and agreements on international rights for business investors, increasing trade and capital and spurring growth in business. The present President of the United States opposes many current trade agreements, which he says are bad for the economy because they provide perks for businesses, but does not protect workers and hence he would like to amend NAFTA to beef up protection for labor and the environment.