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In reply to the discussion: At long last, 11-member Pacific trade deal takes effect [View all]Demsrule86
(71,542 posts)NAFTA was supplemented by two other regulations: the North American Agreement on Environmental Cooperation (NAAEC) and the North American Agreement on Labor Cooperation (NAALC). These side agreements were intended to prevent businesses from relocating to other countries to exploit lower wages, more lenient worker health and safety regulations, and looser environmental regulations.
NAFTA did not eliminate regulatory requirements on companies wishing to trade internationally, such as rule of origin regulations and documentation requirements that determine whether certain goods can be traded under NAFTA. The free-trade agreement also contains administrative, civil and criminal penalties for businesses that violate any of the three countries laws or customs procedures.
These agreements are worth nothing and always cost American jobs.