Learn about the most important economic differences between Canada and America








Since the arrival of President Donald Trump for the presidency of the United States of America, and began to take economic measures affecting the relationship of America to Canada, including the American Free Trade Agreement, which Trump seeks hard to cancel





The latest actions Trump wanted to impose on the goods imported from Canada ended, prompting Prime Minister Justin Tredo to lodge a complaint against America at the World Trade Organization. Canada, according to the BBC, accused the US International Trade Commission of taking decisions during conflicts in the interest of Washington





This is the first formal move by the Canadian side against the US, after official talks between the two countries and Mexico began some time ago to discuss the US Free Trade Agreement, which raises a question here about what will happen next period and how the economy of both countries will be affected





Trump's actions against Canada began with an attempt to tax timber and dairy products in a clear way to impede the FTA





The US Free Trade Agreement (NAFTA) defines NAFTA as a treaty for the establishment of a free trade area between the United States, Canada and Mexico and was signed and entered into force in 1994





Mexico, Canada and the United States have also conducted five rounds of negotiations so far on the NAFTA, which allows goods to pass between three countries without customs duties, the most important information





According to the "cnn" was proposed in 1992 and raised controversy at the time, supported by some as a way to reduce the price of goods and opposed by others for fear of losing jobs because of their implementation





The ratification of the US Congress on the Convention is the start of the establishment of this bloc, and NAFTA is a means of non-taxation of goods when imported, which helps to increase the volume of trade and reduce the cost to consumers





The agreement succeeded in increasing trade between the United States, Mexico and Canada by three times, according to CNN. In general, the agreement succeeded in achieving a decline in domestic manufacturing, trade exchange increased and goods became cheaper


Ahmed Shawki
By : Ahmed Shawki
Ahmed Shawki is professional journalist and editor since 2019 graduated from Kafr El Sheikh University in the Department of Journalism I write in several fields work - Entertainment - Lifestyle - health - Technology - Business Ahmedshawki@mongzemedia.com
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