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NAFTA, or the North American Free Trade Agreement, is a controversial trade pact signed by the U.S., Mexico and Canada in 1992. This pact came into effect in 1994,  making it the world's 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 [[Canada| Canadian]] and U.S. companies access to [[Mexico| Mexican]] markets.

'''NAFTA''', or the North American Free Trade Agreement, is a controversial trade pact signed by the U.S., Mexico and Canada in 1992. This pact came into effect in 1994,  making it the world's 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 [[Canada| Canadian]] and U.S. companies access to [[Mexico| Mexican]] markets.

The pact was originally negotiated by President [[George_H._W._Bush |George H. W. Bush]] but was made into law by President [[Bill Clinton | Bill Clinton]], despite opposition from his own party.<ref>http://www.vancol.com/history-of-nafta.cfm</ref>

The pact was originally negotiated by President [[George_H._W._Bush |George H. W. Bush]] but was made into law by President [[Bill Clinton | Bill Clinton]], despite opposition from his own party.<ref>http://www.vancol.com/history-of-nafta.cfm</ref>