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Canada and the United States have had a very old closeness where the two nations live serenely together. The borders are open to one another, not armed and the residents of each nation have value for the other. Like any other friendship, The United States and Canada have also had their share of troubles in the past. One of the problems between the two nations deals with the finances of each country. The North American Free Trade Agreement also known as NAFTA, is sometimes called in to mediate between Canada and the US. NAFTA has been positive on helping the Canadian economy in general. "By 2004, Canadians could look back on fifteen years of experience under the new arrangement. Michael Hart asked what have we learned from that experience?" (Hart, 2004)
NAFTA was designed to be able to level the playing field for the three nations when it comes to import and export business. The agreement calls for the mediation of disagreements and the three nations that belong agree to allow NAFTA's mediation decisions to stand. The NAFTA attempts to level the playing field in international trade by allowing certain equalizing tariffs much in the same way racing cars qualify for starting position in a race.
The trade disputes between the two countries have been mediated and settled through use of the arbitration panel that was established under the North American Free Trade Agreement with varying results along with outcomes. Usually the NAFTA agreements and rules have been favorable for the economy of Canada (Trade, 1996). One example of such profit allowing decisions was reached in 1996 when Canada and the US had a dispute about Canada's marketing bo ...