1. Lowered Prices In All Countries
Being able to import and export goods to different countries with less penalties, the competition in many markets rose dramatically. This competition created price wars for things like produce, greatly driving the prices down for consumers.
2. Increased Variety Available
Certain things that where native to one single country, where made available to all three of them. This improved the quality of food and increased the variety of products available greatly. This mainly benefited Mexico.
3. Created A Wealth Of Jobs
Since businesses could invest in other countries, it also created jobs in those countries. This helped to lower the unemployment rates as well as the poverty rates in these countries.
4. Wage Increases
All three of the countries involved in the NAFTA agreement had significant wage increases across the board. The country whose wages increased the most was Mexico, with a 1.3 percent increase. The United States experienced an increase of .17 percent and Canada had a .96 percent increase in wages.
5. Greatly Increased Trade
The amount of trade being conducted between these three countries greatly rose. In the first 15 years that NAFTA was put into place, there was a surplus of trade goods of over 28 trillion dollars. This helped to boost the economy and improve the global standing of these three countries.