NAFTA
The North America market is one of the richest in the world. Measured in terms
of GDP, it is the equivalent of Western Europe. But with a somewhat smaller
population, GDP per capita in North America, Canada, Mexico and the U.S., is
around 12 percent higher than in Western Europe. The North American Free Trade
Agreement (), which came into effect January 1, 1994, sets out the schedule
for tariff elimination for members.. As a small country, Canada has always been
careful in it's dealings it's large neighbor, the U.S., however, compliance to
this agreement threatens our very existence. Canada was unfairly taken advantage
of in the singing of this agreement, our identity of a sovereign ...
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system that binds this market together is efficient and
cost-effective. Carriers of all modes are investing in more sophisticated
technology and entering into strategic alliances to improve service. Border
crossings are becoming easier.
Canada provides an ideal location for serving the entire North American market.
Companies based in Canada have preferred access to a market of 380 million
people, with a combined Gross Domestic Product (GDP) of more than $10 trillion
(Canadian dollars). However, our participation in the agreement allows the U.S.
unobstructed to our market. This poses a serious problem when looking at pure
numbers. Canada is a country of approximately 28,000,000 people and the U.S. a
country of about 280,000,000. The extra "0" means the U.S. in ten times greater
then Canada in population size. The implications of this are enormous.
Because of the difference in size it is logical to assume that the average
Canadian firm is about ten times smaller then its ...
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will be viewed as a single market. The market
opportunities for products and services produced by a Canadian-based company are
as likely to be in Chicago, Houston, and Mexico City, as in Canadian cities.
Thus, although some general characteristics of the three national markets are
highlighted here, potential investors should also be attuned to the many cross-
border regional markets that constitute the North American market, and to the
fact that North America is in many ways a single market.
Canada
Although many investors see Canada as an excellent base from which to export to
North American and other global markets, the rich domestic market holds numerous
growth opportunities as ...
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NAFTA. (2005, December 29). Retrieved November 30, 2024, from http://www.essayworld.com/essays/NAFTA/38781
"NAFTA." Essayworld.com. Essayworld.com, 29 Dec. 2005. Web. 30 Nov. 2024. <http://www.essayworld.com/essays/NAFTA/38781>
"NAFTA." Essayworld.com. December 29, 2005. Accessed November 30, 2024. http://www.essayworld.com/essays/NAFTA/38781.
"NAFTA." Essayworld.com. December 29, 2005. Accessed November 30, 2024. http://www.essayworld.com/essays/NAFTA/38781.
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