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Finally, the 2008 financial crisis had a profound impact on the global economy, making it difficult to determine the effects of a trade agreement. Apart from some areas where the effect is not yet entirely clear, NAFTA has had a fairly obvious impact on the North American economies. The fact that it is now in danger of being abolished probably has little to do with its own merits or mistakes, and much more so with automation, the rise of China and the political consequences of September 11 and the 2008 financial crisis. It is clear that NAFTA remains a step forward for political views on globalization and free trade in general. Opposition to NAFTA has intensified, making it much more politically difficult to adopt other similar free trade agreements. This became clear in the summer of 2005, when the Central American Free Trade Agreement (CAFTA) stopped in Congress because of a lack of support. Two journalists, Dawn Gilbertson and Jonathan J. Higuera, who wrote in the Arizona Republic on the tenth anniversary of NAFTA, summed it up this way: “The reality of NAFTA at 10 years old is this: a story of winners and losers, divided largely by the workplace and what we do.” The same goes for the impact of NAFTA on small businesses. For some, it was an opportunity to grow and for others it was a challenge. This provision applies only to NAFTA contractors who require a work permit: professionals, internal acquirers, traders and investors. Equipment or machinery leased or leased by a company outside of Canada is not covered by the provision of customer services.

For computer software, “Buy” contains a licensing agreement. According to a 2012 study on tariff reductions on NAFTA, trade with the United States and Mexico increased by only 11% in Canada, compared to a 41% increase in the United States and 118% in Mexico. [63]:3 In addition, the United States and Mexico benefited more from the rate reduction, with an increase in social benefits of 0.08% and 1.31%, with Canada recording a decrease of 0.06%. [63]:4 Overall, NAFTA has not been devastating or transformative to the Canadian economy. Opponents of the 1988 free trade agreement warned that Canada would become a glorified 51st state. While this has not been done, Canada has also not closed the productivity gap with the United States. According to the OECD, the country`s GDP per hour worked was 74% of U.S. GDP in 2012.

In July 2017, the Trump administration presented a detailed list of changes it wants to make to NAFTA. [131] The top priority was to reduce the U.S. trade deficit. [131] [132] The government has also called for the abolition of provisions allowing Canada and Mexico to challenge U.S. tariffs and impose import restrictions on the United States, Canada and Mexico. [131] The list also highlighted subsidized state-owned enterprises and monetary manipulation. [131] [133] According to Chad P. Bown (Senior Fellow at the Peterson Institute for International Economics), it is unlikely that a renegotiated NAFTA, which would restore trade barriers, would help workers who have lost their jobs, regardless of their cause, to use new employment opportunities.” [154] Note: NAFTA Schedule 1603.D.1 lists occupations whose members are eligible to facilitate entry into other countries. Only activities generally considered to be related to the practice of a profession may be carried out by a person who wishes to enter or remain temporarily in Canada to practice that profession.