What is NAFTA?

 

The North American Free Trade Agreement (NAFTA)

The North American Free Trade Agreement (NAFTA) is a treaty between the United States, Canada, and Mexico, which agrees to remove trade barriers between them. Features of NAFTA include the elimination of tariffs on imports and exports between the three countries. However, other effects of NAFTA such as the movement of US manufacturing jobs to Mexico means it’s up for negotiation. NAFTA is an agreement designed to facilitate trade and ensure that North American producers receive preferences over goods not originating in the U.S., Canada or Mexico.