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Dec 8, 2018 · On this day in 1993, Bill Clinton, the first Democratic president in 12 years, signed the North American Free Trade Agreement into law. The pact, which took effect on Jan. 1, 1994, created the world’s largest free-trade zone, but faced criticism and challenges over the years.
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The North American Free Trade Agreement (NAFTA) is signed into law by President Bill Clinton. Clinton said he hoped the agreement would encourage other nations to work toward a broader world-trade pact.
NAFTA, a trade pact between the United States, Canada, and Mexico, eliminated virtually all tariffs and trade restrictions between the three nations. The passage of NAFTA was one of Clintons first major victories as the first Democratic president in 12 yearsthough the movement for free trade in North America had begun as a Republican initiative.
During its planning stages, NAFTA was heavily criticized by Reform Party presidential candidate Ross Perot, who argued that if NAFTA was passed, Americans would hear a giant sucking sound of American companies fleeing the United States for Mexico, where employees would work for less pay and without benefits. The pact, which took effect on January 1...
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Perot ultimately lost the election, and the winner, Bill Clinton, supported NAFTA, which went into effect on January 1, 1994.
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Nov 30, 2018 · That treaty, which President Bill Clinton signed on Dec. 8, 1993, was meant to “eliminate most trade barriers between the three countries,” as TIME phrased it back then.
Sep 6, 2016 · Learn how NAFTA, signed by President Bill Clinton in 1993, has increased trade, investment and jobs between the U.S., Canada and Mexico. Find out the pros and cons of the trade pact and its impact on GDP, wages and prices.
Dec 8, 1993 · Bill Clinton signs NAFTA into law -- December 8, 1993. When NAFTA was signed into US law, present in the room were then-President Clinton, and former presidents Carter, Ford, and Bush....
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Dec 8, 1993 · In light of a changing global economy, President Bill Clinton discusses the North American Free Trade Agreement (NAFTA), which allows for fairer and more efficient trade between the United States, Canada, and Mexico.
