What was the North American free trade agreement (NAFTA)?

The North American Free Trade Agreement (NAFTA) was a treaty among Canada, Mexico, and the United States that eliminated most tariffs.

When did NAFTA become a free trade zone?

Denial of preferential tariff treatment dependent on origin verification and determination. 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.

What is a free trade agreement?

The concept of free trade is the opposite of trade protectionism or economic isolationism. Free trade agreements reduce or eliminate barriers to trade across international borders. Free trade is the opposite of trade protectionism. In the U.S. and the E.U., free trade agreements do not come without regulations and oversight.

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