Common Contracts
1 similar Background contracts
BackgroundBackground • March 12th, 2018
The North American Free Trade Agreement (NAFTA) is a free trade agreement between Canada, the United States (US), and Mexico. NAFTA was built on the Canada-US Free Trade Agreement (CUSFTA), which was brought into force in 1989 and superseded by NAFTA in 1994. Designed to eliminate trade and investment barriers between the three countries, the agreement came into force on 1 January 1994. In addition to being one of the most ambitious trade agreements in history, NAFTA also created the world’s largest free trade area. Since 1994, NAFTA has generated economic growth and rising standards of living for the people of all three member countries.
