Question

Question 641 pts

In response to concerns over Mexico's inclusion in NAFTA, President Clinton

Group of answer choices

Negotiated a "side agreement" on labor

Negotiated a "side agreement" on the environment

Both A and B

None of the above

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Question 651 pts

According to lecture, NAFTA has resulted in:

Group of answer choices

Overall benefits for all three economies.

Some job losses in the U.S.

Some job losses in Mexico.

All of the above.

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Question 661 pts

According to lecture, the USMCA:

Group of answer choices

Includes provisions to increase auto manufacturing jobs in the U.S. and Canada.

Has now gone into effect.

Limits ISDS.

All of the above.

Answer 1

1) The correct option is c.

a) President Clinton negotiated a side agreement on labor in order to protect labour from any kind of discrimination as a result of the formation of NAFTA. The agreement includes principles like freedom of association, freedom from discrimination, minimum wages. President Clinton along with this also negotiated a side agreement on environment.

b) President Clinton negotiated a side agreement on environment so that all economies pay proper attention to the environmental issues and take steps to promote environmental cooperation. But along with that President Clinton also negotiated a side agreement on labour.

c) President Clinton Negotiated a side agreement on labour also and on environment also for the betterment of labour and environment.

d) Option C is correct.

2) The correct option is d.

a) NAFTA has led to the growth of all three economies by increasing trade among all the three countries. It has led to increase in production and employment opportunities in all three economies. The quality of products has also increased. But NAFTA has led to some job losses in US and Mexico.

b) There were some job losses in US because of strong competition from firms from Mexico leading to loss of jobs. But it also led to job losses in Mexico.

c) There were job losses in Mexico in the agricultural field because of the import of goods from highly subsidised agricultural industry of US. But it led to job loss in US also.

d) NAFTA led to overall growth and development of all three economies but it also led to some job losses in US and Mexico.

3) The correct option is d.

a) USMCA will benefit auto manufacturing industry in US and Canada. It will aim at increasing investment in this industry and lead to increase in employment opportunities. But it will limit ISDS.

b) USMCA went into effect from 1st July, 2020. But it will limit ISDS.

c) USMCA will no longer be applicable in Canada. USMCA allows for some chapters of ISDS to be applicable for the investors of US and Mexico but the access has been limited.

d) USMCA which has entered into force already, aims at increasing job opportunities for auto mobile industry. But it limits ISDS.