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NAFTA |
Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia, Hutchinson | 0.01 sec. |
NAFTAin full North American Free Trade AgreementTrade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's largest free-trade area. It basically extended to Mexico the provisions of a 1988 Canada-U.S. free-trade agreement, calling for elimination of all trade barriers over a 15-year period, granting U.S. and Canadian companies access to certain Mexican markets, and incorporating agreements on labour and the environment. See also General Agreement on Tariffs and Trade; World Trade Organization. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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While news of this monstrous betrayal has yet to reach most fellow citizens, widespread awareness about the enormous harm caused by NAFTA already exists. of NAFTA panel proceedings on the softwood lumber issue. This marks the sixth time in the past three years that a NAFTA panel has found no justification for the U. |
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