NAFTA Agreement: Why is it important? It’s Effect on India
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NAFTA Agreement: The GD or group discussion is the first test conducted on GTO Day 1 of SSB interview. The primary objective of this round is to check the behavior of the candidates in the group activities along with its knowledge and personality. Candidates who are preparing for GD round should follow these points to qualify the test without any hassle:
- Stay clear and to the point
- Give examples that support your point
- Maintain a positive gesture and behavior
In addition to this, they should also prepare some of the important GD or group discussion topics like NAFTA Agreement to score good marks during group discussion. In this blog, we bring one of the most important topics – North American Free Trade Agreement or NAFTA Agreement for students preparing for defence exams.
What is NAFTA Agreement?
The North American Free Trade Agreement is an agreement signed by the United States, Canada, and Mexico in order to create a trilateral trade bloc in North America. It came into action on January 1, 1994 and superseded the 1988 Canada-United States Free Trade Agreement between both the countries. NAFTA Agreement is one of the largest trade blocs in the world by gross domestic product.
Why NAFTA Agreement is important?
Many experts experience that re-negotiating the NAFTA is unlikely to result in creating new jobs or result in better opportunities for US businesses. According to Business Roundtable, an association of CEOs of leading American companies, withdrawing from the NAFTA would reduce American companies’ global exports by 2.5 per cent, reduce purchasing power of American households by $654 per household due to higher prices and shift economic activity away from the US towards China, thus reducing GDP growth by 0.2 per cent. Agriculture, textiles and automobile companies in the US are expected to be impacted negatively if the tariffs and trade restrictions return.
Both Canada and Mexico are ready to give a tough fight. Canadian Prime Minister Justin Trudeau has said that he would be ready to let NAFTA eliminates altogether rather than accepting certain hard-line demands.
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The newly elected leader of Mexico, Andres Manuel Lopez Obrador, is also preparing for a blistery fight. He has stated that Mexico will not be a piñata (a container often made of papier-mache or pottery, filled with small toys or candy and then broken as part of a ceremony) and he will stand up to the POTUS to protect his country’s interest.
In addition to this, there is plenty of information available in the web ocean about NAFTA Agreement. Students are suggested to visit the below links in order to gain their knowledge about this GD topic and prepare for group discussion round effectively.
Reference Link:
https://en.wikipedia.org/wiki/North_American_Free_Trade_Agreement
https://www.investopedia.com/terms/n/nafta.asp
Stay in touch with Major Kalshi Classes to know more details about other important topics for GD. Go through the above-related links and start preparing accordingly.
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