The North American Free Trade Agreement (NAFTA) was made between the United States, Canada, and Mexico, and took effect January 1, 1994. Its purpose is to increase the efficiency and fairness of trade among the three nations.
At the heart of NAFTA is a simple goal: the elimination of tariffshe taxes each nation imposes on the others' importsnd other bureaucratic and legal barriers to trade. In addition to its central terms, the massive, highly detailed agreement also includes so-called side agreements intended to ensure that each nation...
Source: West's Encyclopedia of American Law, ©2005 Gale Cengage. All Rights Reserved. Full copyright.
(The entire page is 1268 words.)
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