HomeKnowledge CenterGlossaryNorth American Free Trade Agreement (NAFTA)

North American Free Trade Agreement (NAFTA)

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Definition

A free trade agreement, implemented January 1, 1994, between Canada, the United States and Mexico. It includes measures for the elimination of tariffs and non-tariff barriers to trade, as well as many more specific provisions concerning the conduct of trade and investment that reduce the scope for government intervention in managing trade.

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