The VC market in North America has played a role in Free Trade. In many cases these two not only co-exist, but complement one another. The North American Free Trade Agreement (NAFTA) has been instrumental in terms of economic growth for North America. Efraim Landa and other venture capitalists need a strong economic platform from which to operate and the NAFTA has been beneficial for helping provide it.
What is NAFTA?
The North American Free Trade Agreement was implemented in January of 1994. It is an agreement between North American countries to eliminate most of the tariffs on trades made between the nations. Following the agreement, the United States, Canada and Mexico began to phase out tariffs. The purpose of the NAFTA was to encourage economic activity between the three North American nations. Read the rest of this entry