North American Free Trade Agreement
- When The North American Free Trade Agreement (NAFTA) was enforced on January 1, 1994, it was widely known as the largest free-trade agreement in the world.
- NAFTA was made in collaboration between Canada, the United States, and Mexico and the purpose was to stimulate their respective economies and to improve the lives of their citizens.
- This agreement, which has now been superseded by the CUSMA free trade agreement, changed the perception of liberal trade across the globe and helped establish Canada as a strong trading partner.
Citation
Canada. Global Affairs Canada. North American Free Trade Agreement (NAFTA). 2018. https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/nafta-alena/fta-ale/index.aspx?lang=eng&_ga=2.23261114.1609795356.1641921650-1622305536.1641921650
Further Readings
For answers to frequently asked questions & more information: https://www.international.gc.ca/trade-commerce/consultations/nafta-alena/toolkit-outils.aspx?lang=eng
For more background information: https://www.cfr.org/backgrounder/naftas-economic-impact
Overlapping Topics
Economy
Policy Sub-Topic
Policy Type
Agreement