North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations. It also calls for the gradual elimination, over a period of 15 years, of most remaining barriers to cross-border investment and to the movement of goods and services among the three countries. Major industries affected include agriculture, automobile and textile manufacture, telecommunications, financial services, energy, and trucking. NAFTA also provides for labor and environmental cooperation among member countries. The pact contains provisions for the inclusion of additional member nations. Labor representatives have criticized NAFTA, claiming the agreement has led to numerous jobs lost in the United States because industries have moved plants to Mexico (see maquiladoras maquiladoras , Mexican assembly plants that manufacture finished goods for export to the United States. The maquiladoras are generally owned by non-Mexican corporations.
..... Click the link for more information. ); NAFTA proponents point to the U.S. jobs created because of increased imports by Mexico and Canada. The agreement has negatively affected the economies of several Caribbean countries whose exports to the United States now compete with duty-free Mexican exports.

NAFTA

in full North American Free Trade Agreement

Trade 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.

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This pan-Asian FTA could be the third pole of the world economy after the European Union and North American Free Trade Area and would open up new growth avenues for Indian economy, he reportedly said.

India-ASEAN FTA may be signed next month: report by Asian Economic News

North Africa campaigns

North Africa, campaigns in

North African Campaigns of 1940–43

north aisle

North Albanian Alps

North America

North American anticyclone

North American Basin

North American blastomycosis

North American Family Campers Association

North American Free Trade Agreement

North American Free Trade Area

North American high

North American Indian Days

North American Indian music

North American International Auto Show

North American Native art

North American Nebula

North American presentation-level protocol syntax

North American Solar Challenge

North American Wife-Carrying Championship

North and South Poles

North Andover

North Arlington

North Atlantic Current

North Atlantic Drift

North Atlantic Treaty Organization

North Atlantic Treaty Organization NATO

North Bend Rail Trail

North American Free Trade Area

North American Freedom Foundation
North American Freight System
North American French Industrial Club
North American Fruit Explorers
North American Fund for Environmental Cooperation
North American Fur Association
North American Fur Auctions
North American Fury Jet Fighter Aircraft
North American Fuzzy Information Processing Society
North American Gamebird Association
North American Gaming Regulators Association
North American Gas and Power
North American Gay Amateur Athletic Alliance
North American Gay Volleyball Association
North American General Purpose Attack Weapon
North American Geologic Map Data Model
North American Ginseng Extract
North American Glass Equipment
North American Goldwings Forum
North American Golf Tour Operators Alliance
North American Graduate Art Survey
North American Gran Turismo
North American Grand Cherokee Association
North American Grand Prix

North American Free Trade Agreement (redirected from North American Free Trade Area)

NAFTA

North American Free Trade Agreement
(redirected from North American Free Trade Area)