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).