The prices of clothes, televisions, and food have fallen in Mexico.
How did NAFTA benefit Mexico?
Following the NAFTA agreement, preferential trading with Mexico made it profitable for U.S. and multinational companies to manufacture goods in America, as these could then be exported throughout North America without tariffs. This allowed Mexico to diversify its export economy and shift away from oil significantly.
Who benefits most from NAFTA?
Findings reveal that NAFTA increases bilateral trade between US-Canada and US-Mexico, and in terms of income, NAFTA benefits Canada the most “certainly”.
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