Readers support North American Free Trade Agreement.The new Congress will have until the beginning of the summer to act on the North American Free Trade Agreement North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. signed by Presidents Bush and Salinas Salinas, city, United States Salinas (səlē`nəs), city (1990 pop. 108,777), seat of Monterey co., W Calif.; inc. 1874. It is the shipping and processing center of a fertile valley famous for its grain and lettuce. and Prime Minister Mulroney in December. If Financial Executive readers have their way, Congress would ratify ratify v. to confirm and adopt the act of another even though it was not approved beforehand. Example: An employee for Holsinger's Hardware orders carpentry equipment from Phillips Screws and Nails although the employee was not authorized to buy anything. the agreement without hesitation. Financial Executive's November/December One-Minute Survey asked readers if they support NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's and what concerns they have about the agreement. The response was overwhelmingly in favor: 84 percent of the readers responding to the survey support the agreement. Only 6 percent say they are not in favor of it, and 9 percent are undecided. But, while 84 percent support the agreement, 75 percent say it will be good for the economy, and, in fact, 22 percent say it will be bad for the economy. More of the respondents are concerned that NAFTA will cause environmental pollution than they are about the loss of sales or jobs. Thirty-one percent say they are concerned that NAFTA will result in environmental pollution, compared with 25 percent who say they fear a loss of jobs and 16 percent who fear loss of sales. But, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a financial executive from a major U.S. manufacturer, even though the agreement will result in environmental pollution, in the long run we'll be better off: "Abuses will lead to corrective legislation and a better environment for all sooner than otherwise!" He goes on to say that "North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. is a huge market. Companies need to focus on productivity, service, quality, and costs, not barriers. This will be best for Americans dealing both abroad and at home." And, according to another respondent In Equity practice, the party who answers a bill or other proceeding in equity. The party against whom an appeal or motion, an application for a court order, is instituted and who is required to answer in order to protect his or her interests. , "Freer trade will benefit North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. consumers and speed up the remedies on a number of Mexican social problems." A Canadian bank executive says NAFTA will not result in a loss of jobs, and that the labor movement's fears are not justified: "We need to educate the labor movement that NAFTA is not a threat to jobs in Canada or in the U.S., but rather it is an opportunity for growth," he says. "Mexico will be the major market for the U.S. in 10 years," says the chief financial officer of another large manufacturer. The greatest percentage of respondents--47 percent--are from manufacturing organizations; 13 percent are from banking, insurance, or financial organizations, with the balance from retail/wholesale and other service organizations. Eighty-one percent are from companies headquartered in the U.S.; 9 percent are from Canada. |
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