NAFTA Implications for New Exporters
The North American Free Trade Agreement (NAFTA), establishes one of the largest free trade areas in the world, and encompasses Canada, the United States and Mexico. Under NAFTA, the three countries accord "national treatment" to imports of each other's goods and services and to investors, meaning that each country treats the goods and services of the other two partners as if they were domestically produced and treat foreign investors as if they were nationals. Here is a brief listing of key areas of benefit to exporters under this agreement:
- temporary entry for business people
- reduction of tariffs
- qualification under the Rules of Origin
- special customs duty programs
- government procurement
- settlement of disputes
- investment
Under NAFTA, there are many new rules governing border crossing procedures, rules of origin requirements and other customs procedures, standards and government procurement.
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