North American Free Trade Agreement (NAFTA) was a trade agreement reached between the United States, Canada and Mexico in 1994 to create a large free trading area between these countries. The main aim was to increase their competitiveness in the global market, reduce the cost of doing business by eliminating the trade barriers, increase the investments and provide a safer market for the goods and services produced in the region. The Chiapas revolt and the assassination of a presidential candidate was a blow to the regional trade agreement, the Chiapas of Mexico feared NAFTA would threaten their low technology agricultural economy by importing cheap grains from the U.S. And Canada. The subsequent result to the Mexican economy was failure to put a fixed exchange rate between the peso and the dollar at three pesos per dollar which could have saved the currency from devaluation during the crisis (Direct Selling Education...
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