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NAFTA lowers food prices in much the same way. Food imports totaled $39.4 billion in 2013, up from $28.9 billion in 2009. It lowered the prices of fresh vegetables, chocolate, fresh fruit (except bananas) and beef the most. (Source: USTR, NAFTA Imports)
NAFTA modernized the U.S. auto industry by consolidating manufacturing and driving down costs. Most cars made in North America now have parts sourced from all three countries. The auto industry is less regional and more globally oriented. That more competitive nature allows the industry to fend off Japanese imports. Mexico exports more cars to the United States than Japan. Before the recession, Japan exported twice as many as Mexico. By 2020, Mexico will manufacture nearly 25% of all North American cars.
Even imports from NAFTA partners created jobs. That's because nearly 40% of U.S. imports from Mexico originated with American companies. They designed the products domestically, then outsourced some portion of the process in Mexico. Without NAFTA, they would have gone to China.
NAFTA allowed all firms in member countries to bid on government contracts. This created a level-playing field for all companies within its borders. It also helps to cut government budget deficits by allowing more competition and lower-cost bids.
a reply to: pianopraze
Globalization is the rich trying to get richer
originally posted by: IgnoranceIsntBlisss
January 1994: After being heavily promoted by Bill & Hillary Clinton, NAFTA signed into law.
[Incoming trucks from across the Mexican border will see a major increase each year thereby facilitating more drug shipments.
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originally posted by: IgnoranceIsntBlisss
April 16, 2009: Cocaine Highways: Post-NAFTA, Most Drugs Cross U.S. Borders in Trucks
"Most of the drug shipments smuggled into the United States by the Mexican cartels are hidden in trucks that drive across U.S. border checkpoints in plain sight, with little fear of inspection, U.S. law enforcement officials tell ABC News." abcnews.go.com...
originally posted by: IgnoranceIsntBlisss
Under this view that NAFTA was at least in part motivated by the North American drug trade, it just occurred to me to compare the newer TPP concept in this same light....
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ustr.gov...
Q: "Advantages of NAFTA-But for Whom?" A: Drug Traffickers.