The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) Definition & Legal Meaning

Definition & Citations:

A treaty between Canada, the US and Mexico that was legislated in 1994, which removes tariffs and other barriers to facilitate easy trade between these countries. It lasts between five and ten years. In comparison to the EU, NAFTA has a higher output that is based on a smaller population. The NAFTA also accounts for environmental, health and natural resource concerns.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.