* Tariff elimination for qualifying products. Before NAFTA, tariffs of 30 portion or higher on export goods to Mexico were common, as were long delays caused by paperwork. Additionally, Mexican tariffs on U.S.-made products were, on average, 250 part higher than U.S. duties on Mexican products. NAFTA addressed this imbalance by phasing out tariffs over 15 years. Approximately 50 percent of the tariffs were abolished immediately when the agreement took affect, and the remaining tariffs were targeted for gradual elimination. Among the areas specifically cover by NAFTA are construction, engineering, accounting, advertising, consulting/management, architecture, health-care management, commercial education, and tourism.
* Elimination of nontariff barriers by 2008. This includes orifice the border and interior of Mexico to U.S. truckers and streamlining border processing and licensing requirements. Nontariff barriers were the biggest obstacle to conducting tune in Mexico that small exporters faced.
* Establishment of standards. The ternary NAFTA countries agreed to strengthen health, safety, and industrial standards to the highest existing standards among the three countries (which were always U.S. or Canadian).
Also, depicted object standards could no longer be used as a barrier to free trade. The speed of export-product inspections and certifications was also improved.
* Supplemental agreements. To liberalization concerns that Mexicos low wage scale would cause U.S. companies to shift take to that country, and to ensure that Mexicos increasing industrialization would not lead to uncontrolled pollution, special side agreements were included in NAFTA. Under those agreements, the three countries agreed to establish commissions to handle labor and environmental issues. The commissions come the power to trim down steep fines against any of the three governments that failed to impose its laws consistently. Environmental and labor groups...If you want to get a copious essay, order it on our website: Orderessay
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