What has NAFTA accomplished for its members?

What will be an ideal response?

Launched in 1994, NAFTA consists of Canada, Mexico, and the United States. It is the most significant economic bloc in the Americas and comparable to the EU in size. Initially, the accord increased market access between Canada, Mexico, and the United States. It eliminated tariffs and most nontariff barriers for products and services traded in the bloc and made it possible for member-country firms to bid for government contracts in all three countries. NAFTA also established trade rules and uniform customs procedures and regulations. The members agreed to rules for investment and intellectual property rights. NAFTA also provides for dispute settlement in such areas as investment, unfair pricing, labor issues, and the environment. Since the bloc's inception, Canada and Mexico have become the most important export markets of the United States, accounting for about one-third of U.S. exports. In the three-year period through 2012, the largest increase in U.S. export growth stemmed from exports to Canada and Mexico. In the 1980s, Mexico's tariffs averaged 100 percent and gradually decreased over time, eventually disappearing under NAFTA. Annual NAFTA foreign investment in Mexico rose dramatically as U.S. and Canadian firms invested in their southern neighbor. Following NAFTA's passage, Mexico's per-capita income has risen substantially. Mexico is now Latin America's wealthiest country in per-capita income terms.