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.
What is NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)?
- FREE TRADE AGREEMENT
- FREE TRADE AGREEMENT OF THE AMERICAS (FTAA)
- NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM (NAICS)
- GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)
- PREFERENTIAL TRADE AGREEMENT (PTA)
- FREE TRADE
- RECIPROCAL TRADE AGREEMENT
- GENERAL AGREEMENT ON TARIFF AND TRADE (GATT)
- FREE TRADE AREA
- FREE TRADE ZONE (FTZ)
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