NAFTA stands for the North American Free Trade Agreement which was authorised in the year 1994 to make Mexico, Canada and the cities of the United State a trade free zone and it is considered as the world's largest trade treaty signed to date. NAFTA diminished or removed taxes on imports and exports between the three contributing nations, establishing a large free-trade territory. The function of NAFTA intended for establishing outstanding mutual criteria in workplace security, labour privileges, and environmental security, to prevent industries from relocating to different nations to manipulate lower salaries or flexible regulations.
Following were the main arguments in the United States against ratifying NAFTA:
1. This treaty resulted in the loss of thousands of jobs of US workers.
2. It also brought down the economy of Mexican farmers and owners of small businesses.
3. It reduced the salary for the educated workers working in the United States.