The North American Free Trade Agreement Aimed To Ultimately Establish The

In 2008, the GCC established a common market that allowed the free movement of trade, investment and workers.P. K. Abdul Ghafour, “GCC Common Market Becomes a Reality,” Arab News, January 2, 2008, accessed April 30, 2011 archive.arabnews.com/?page=1&section=0&article=105173&d=1&m=1&y=2008. In December 2009, Bahrain, Saudi Arabia, Kuwait and Qatar established a Monetary Council with the aim of creating a single currency. Mohsin Khan, “The GCC Monetary Union: Choice of Exchange Rate Regime,” Peterson Institute for International Economics, April 2009, called April 30, 2011 www.iie.com/publications/wp/wp09-1.pdf. Since its inception, the GCC has contributed not only to the expansion of trade, but also to the development of its countries and the well-being of its citizens, as well as to the promotion of peace and stability in the region. Nadim Kawach, “Unrest will not affect GCC monetary union: Bahrain Central Bank governor says union remains open to other members”, Emirates 24/7, 12 March 2011, called 30 April 2011 www.emirates247.com/2.266/finance/unrest-will-not-affect-gcc-monetary-union-2011-03-12-1.366972. On the other hand, critics of the deal say it is responsible for job losses and falling wages in the United States, fueled by low-wage competition, companies relocating production to Mexico to cut costs and a growing trade deficit. Dean Baker of the Center for Economic and Policy Research (CEPR) and Robert Scott of the Economic Policy Institute say the increase in NAFTA imports has resulted in a loss of up to six hundred thousand dollars. With the addition of the NAALC, for example, any Mexican civil society group can file complaints of Mexican non-compliance with the Department of Labor in Canada or the United States to ensure that NAFTA labor rules are followed. The NAALC provides for things such as the protection of migrant workers and children and equal pay for women and men.

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