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As per the terms of the NAFTA, all the non-tariff trade barriers which impeded agricultural trade between the economies of United States as well as Mexico had been eliminated. Besides this, several other types of tariffs were also eliminated immediately and a pledge was made to phase out the other barriers over a period of five to fifteen years. The main functions of NAFTA have been summarized as (Economy Watch, 2010):
- Elimination of the trade barriers that existed in various service sectors which belonged to the member nations of the NAFTA.
- It brought about a reduction in high Mexican tariffs that facilitated the promotion of agricultural exports.
- It also seeks to provide assistance to companies that spanned these three member nations to bid for government contracts.
- It also sought to assure fair market value and prices to investors which were accomplished by reducing risk along with the offering of the same legal rights to investors as were enjoyed by the domestic local investors.
Thus this treaty can be a major rationale for the increased trade activity between the United States and Canada & Mexico. Reduction in tariffs and other forms of trade barriers made the US goods competitive in the economies of Canada and Mexico as a result of which, there was an increase in demand for US goods in these economies. This increase in demand was met by the exports of higher volume of goods by the US and hence the major importers of US goods are Canada and Mexico. Besides this, all these economies are developed economies and are hence characterized by similar tastes and preferences of consumers. As a result, there is a high probability of acceptance of the US goods in these regions than the emerging markets’ regions. It was seen that the biggest importer of US goods was Canada followed by Mexico. This can be due to the fact that the relative size of the Canadian economy is greater than that of the US economy.
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根据北美自由贸易协定的条款，所有的非关税贸易壁垒，阻碍了美国的经济体之间的农产品贸易以及墨西哥已经被消灭。除此之外，其他几种类型的关税也立即消除，保证了相位的其他障碍，为期五至十五年。北美自由贸易协定的主要功能进行了总结（经济观察，2010）：
•消除各种服务行业属于北美自由贸易协定的成员国存在的贸易壁垒。
•它带来的高关税，促进了墨西哥农业促进出口的减少。
•也旨在为公司的跨越这三个成员国的竞标政府合同提供援助。
•也试图确保公平市场价值和价格的投资者，通过降低风险随着相同的法律权利为投资者提供完成国内投资者享有的地方。
因此，该条约可以增加的贸易活动，美国、加拿大和墨西哥之间的一个主要理由。在贸易壁垒，关税和其他形式的减少使得美国商品的竞争力在加拿大和墨西哥的经济导致的结果是，在这些国家对美国商品的需求增加。这种需求的增加了商品的出口量较高的我们，因此我们主要进口货物是加拿大和墨西哥。除此之外，所有这些经济发达经济体，因此具有相似的口味和偏好的消费者。作为一个结果，还有比新兴市场地区高在这些地区的美国商品的接受概率。它被认为是最大的进口美国商品的是加拿大，其次是墨西哥。这可能是由于这样的事实，加拿大经济的相对规模大于美国经济。
