North American Free Trade Agreement (NAFTA)

North American Free Trade Agreement (NAFTA)

The North American Free Trade Agreement (NAFTA) was signed in 1992 by the US, Canada and Mexico and took effect in 1994, establishing a free-trade zone between the three countries i.e. lifting tariffs on most goods, and pushing to remove barriers to cross-border investment and the movement of goods and services. During the US presidency of Donald Trump, NAFTA was renegotiated in 2018 and renamed the United States-Mexico-Canada Agreement (USMCA).

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