Avery TrendelBlock 3

Chapter 3, Trade Agreements

What is NAFTA?NAFTA is the North American Free Trade

AssociationMexico, Canada, and The United States are

involved with this.It began in 1993.

Advantages of NAFTAAllows each country to specialize and be

more efficient.Opens up the Mexican market.Access to a pool of relatively cheap labor.

Disadvantages of NAFTAPotential loss of jobsEnvironmental problemsHidden Costs

International Companies that sell to the USToyotaNintendoFerrari

Wal-MartWal-Mart does business with 14 countries

outside of the United StatesWal-Mart operates in Mexico as Walmex.In Japan it is called SeiyuThe UK calls it ASDA