Global Business Strategies
Shonda Robinson
University of Phoenix
MGT 448
There are so many ways to define regions one of the ways is a territorial subsystem integrations of regions. The construction of regions is part of the perpetual transformation of the international system, in which regions emerge, subsist and eventually cease to exist. Or, what we might label the process of regional integration and disintegration. (2002). The North American Free Trade Agreement (NAFTA) is one out of many powerful establishments in the world.
It handles the entire realm of North America trade NAFTA negotiates Canada, Mexico and the United States that was promoted to do business between the three countries. NAFTA has been established for fourteen years now. A great accomplishment that NAFTA made clear was to eliminate large numbers of tariffs on goods shopped between the three countries, whereas American goods were sold to Canada, and Mexico that carried high tariffs. Mexico nor Canada were interested in paying tariffs, therefore the goods were not sold in North America.
Goods such as cars, car parts, computers, and food. Mexico is pleased to purchase goods from thus, because they are saving money on imports, while American companies are saving money on exported shipping cost. Canada has some benefits from this, but not as much as Mexico.
One of the Advantages that NAFTA has is that goods that are being shipped among the three countries has been labeled in three different languages English, French, and Spanish. Mexico is reaping a prime benefit from NAFTA because of greater encouragement of immigration between the countries. Canada does ...