By strengthening the rules and procedures governing trade and investment on this continent, the NAFTA has allowed trade and investment flows in North America to skyrocket. According to figures of the International Monetary Fund, total trade among the three NAFTA countries has more than doubled, passing from US$306 billion in 1993 to almost US$621 billion in 2002. That’s US$1.2 million every minute.
The North American Free Trade Agreement (NAFTA), is an outstanding demonstration of the rewards to outward-looking
countries that implement policies of trade liberalization as a way to
increase wealth and improve competitiveness. The NAFTA is an example of the
benefits that all countries could derive from moving forward with
multilateral trade liberalization. Farmers, workers and manufacturers benefit
from the reduction of arbitrary and discriminatory trade rules, while
consumers enjoy lower prices and more choices.