Difference between revisions of "NAFTA"
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NAFTA, or the North America Free Trade Agreement, is a trade pact signed by the U.S., Mexico and Canada in 1992. This pact came into effect in 1994, making it the worlds biggest free-trade area. It required the elimination of every trade barrier between the signers for fifteen years. It also included agreements on the environment and labor. This gave Canadian & the U.S. companies access to Mexican markets. | NAFTA, or the North America Free Trade Agreement, is a trade pact signed by the U.S., Mexico and Canada in 1992. This pact came into effect in 1994, making it the worlds biggest free-trade area. It required the elimination of every trade barrier between the signers for fifteen years. It also included agreements on the environment and labor. This gave Canadian & the U.S. companies access to Mexican markets. | ||
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Revision as of 17:59, March 12, 2007
NAFTA, or the North America Free Trade Agreement, is a trade pact signed by the U.S., Mexico and Canada in 1992. This pact came into effect in 1994, making it the worlds biggest free-trade area. It required the elimination of every trade barrier between the signers for fifteen years. It also included agreements on the environment and labor. This gave Canadian & the U.S. companies access to Mexican markets.