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- DictionaryNAFTA/ˈnaftə/
abbreviation
- 1. North American Free Trade Agreement.
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Jun 26, 2024 · NAFTA was a free trade agreement between the U.S., Canada, and Mexico that went into effect in 1994 and was terminated in 2020. It aimed to reduce trade barriers, promote economic activity, and protect environmental and labor rights in North America.
The agreement came into force on January 1, 1994, and superseded the 1988 Canada–United States Free Trade Agreement between the United States and Canada. The NAFTA trade bloc formed one of the largest trade blocs in the world by gross domestic product .
North American Free Trade Agreement (NAFTA), controversial trade pact signed in 1992 that gradually eliminated most tariffs and other trade barriers on products and services passing between the United States, Canada, and Mexico.
May 30, 2022 · The North American Free Trade Agreement (NAFTA) was a treaty among Canada, Mexico, and the United States that eliminated most tariffs. Learn more about NAFTA.
North American Free Trade Agreement (NAFTA) established a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations.
Jan 22, 2018 · Since 1994, NAFTA has generated economic growth and rising standards of living for the people of all three member countries. By strengthening the rules and procedures governing trade and investment throughout the continent, NAFTA has proven to be a solid foundation for building Canada’s future prosperity.
Apr 4, 2024 · NAFTA is a trade agreement between Canada, the U.S., and Mexico that went into effect in 1994 and was renegotiated in 2018. Learn about its origins, goals, challenges, and impacts on trade, investment, and growth in the region.
