What did president clinton believe would be a result of the north american free trade agreement?

Asked by maham237 @ in History viewed by 316 People

What did President Clinton believe would be a result of the North American Free Trade Agreement? increased jobs and lower prices decreased jobs and increased prices decreased world trade sharply increased prices

Answered by maham237 @


increased jobs and lower prices

Clinton signed the North American Free Trade Agreement in 1994 to remove the barriers to trade with Mexico and Canada with the goal of creating new American jobs and lower prices on imported goods.

During the late 1970's and through the 1980's the US began to de-industrialize. This means factories began to shut down as companies were established in developing countries. Americans were experiencing job loss and prices on goods now produced in other countries were expensive due to tariffs. By signing NAFTA, Clinton removed tariffs from goods imported from Canada and Mexico making many manufactured goods and foods cheaper. The agreement also created more jobs in new industries to support the imports coming in. Customer service based jobs became available which were better paying jobs than the factory jobs they were replacing.


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