It was created more than 20 years ago with the aim of improving trade between Canada, the United States and Mexico, as well as making these countries more competitive globally.
Over time, NAFTA has more than quadrupled trade by easing import and export processes. It also helped arise investment from foreign countries and represent an economic growth; real per-capita gross domestic product (GDP) grew 24.1% to $9,511.
Experts say that there is no way to prove the benefit of NAFTA compared to other factors such as the technological growth in Mexico and the commercial relations it has established with China. The debate continues, because although economic growth has been smaller in Mexico than in Canada and the United States, trade exchanges have increased considerably. NAFTA enthusiasts say that if the agreement were not effective, then president Trump would not hesitate to continue with it.
In addition to the increase in exports by Mexico, many manufacturing firms have established themselves in the country as a result of Mexico's increased strength in the global scene. Today it is an attractive country for direct investment because of their low settlement costs, government support and an open culture towards foreign investment.