UNIVERSITY OF MUMBAI
PROJECT REPORT ON
ECONOMIC BENEFITS OF NAFTA
(ECONOMICS OF GLOBAL TRADE AND FINACNE)
MASTERS OF COMMERCE
(BUSINESS MANAGEMENT)
SEMESTER 1
2014-15
SUBMITTED BY
MR. SALMAN MAKDA
ROLL NO.:11
PROJECT GUIDE
Ms. MRUNALINI RAVALEKAR
K.P.B HINDUJA COLLEGE OF COMMERCE
315, NEW CHARNI ROAD, MUMBAI-400 004
M.COM (BUSINESS MANAGEMENT)
1stSEMESTER
ECONOMIC BENEFITS OF NAFTA
SUBMITTED BY
MR. SALMAN MAKDA
ROLL NO: 11
CERTIFICATE
This is to certify that Mr. Salman Makda of M.Com Business Management
Semester- 1 [2014-2015] has successfully completed the Project on “ECONOMIC
BENEFITS OF NAFTA” under the guidance of Ms. Mrunalini Ravalekar.
Project Guide ________________
Course Coordinator ________________
Internal Examiner ________________
External Examiner ________________
Principal ________________
Date: ______
Place: Mumbai.
DECLARATION
I, Mr. Salman Makda student of M.Com – Business Management, semester- 1
(2014-2015), hereby declare that I have completed the project on “ECONOMIC
BENEFITS OF NAFTA”
The information submitted is true and original copy to the best of my
knowledge.
SALMAN MAKDA
ACKNOWLEDGEMENT
I owe my special thanks to the Principle Dr. Chitra Natrajan and the Co-
coordinator of M.com Dr. (Ms) Minu Madlani for giving me an opportunity for
this project work. I would like to give my thanks to the Project Guide Ms.
Mrunalini Ravalekar for her guidance and kind assessment that she has provided
me and the inspiration in valued guidance and ideas throughout the project. I am
also thankful to the library staff of K. P. B. Hinduja College Of Commerce who
co-operated with me and even all those seen and unseen hands and heads which
helped me in he completion of this project.
INDEX
CHAPTER NO. TOPICS PAGE NO.
TITLE PAGE
CERTIFICATE
DECLARATION
ACKNOWLEDGEMENT
EXECUTIVE SUMMARY
1 INTRODUCTION 1
1.1 OBJECTIVES OF THEY STUDY 1
1.2 METHODS OF RESEARCH 1
1.3 SCOPE OF THE STUDY 2
1.4 LIMITATIONS 2
2 CONCEPTUAL FRAMEWORK 3
3 ANALYSIS 13
4 ACHIEVEMENTS AND PROSPECTS OF NAFTA 24
CONCLUSION 28
BIBLIOGRAPHY 29
EXECUTIVE SUMMARY
The main objective of NAFTA is to remove all trade barriers between the
governments of the United States, Canada and Mexico create a trilateral trade
bloc in North America.
NAFTA is developed with a view to enhance business and trade relations between these three
countries and promote conditions for fair competition and increase in investment opportunities.
The aims of this project is to analyze NAFTA fully from the time of its formation to the present
time and increase cooperation between these three countries for improving working conditions
in North America, create an expanded and safe market for goods and services produced by
establishing clear and mutually advantageous trade rules. Thus NAFTA has created the world’s
largest free trade area by eliminating tariffs and agreements on international rights for business
investors, increasing trade and capital and spurring growth in business.
The present President of the United States opposes many current trade agreements, which he
says are bad for the economy because they provide perks for businesses, but does not protect
workers and hence he would like to amend NAFTA to beef up protection for labor and the
environment.
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