What are the implications of the North American Free Trade Agreement (NAFTA) treaty?

What will be an ideal response?

The North American Free Trade Agreement (NAFTA) has eliminated or reduced most of the duties, tariffs, quotas, and other trade barriers among Mexico, the United States, and Canada. Agriculture, automobiles, computers, electronics, energy and petrochemicals, financial services, insurance, telecommunications, and many other industries are affected. The treaty allows a country to reimpose tariffs if an import surge from one of the other nations hurts its economy or workers. Like other regional trading agreements, NAFTA allows the bloc to discriminate against outsiders and to cut deals among its members. NAFTA also includes special protection for favored industries that have a lot of lobby muscle. Thus, many economists assert that NAFTA is not a "free trade" pact but a managed trade agreement. Critics contend that NAFTA shifted U.S. jobs, particularly blue-collar jobs, south of the border, where Mexican wage rates are about one-tenth of those in the United States. Environmentalists criticize the pact for not doing enough to prevent and clean up pollution in Mexico.