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Glossary: NAFTA

Photo: United States
Photo: United States

Acronym in full: North American Free Trade Area

The North American Free Trade Area (NAFTA) comprises the United States, Canada and Mexico. The Free Trade Area was formed in 1994 after the conclusion of the North America Free Trade Agreement which aims to remove all duties and quantitative restrictions for trade, promote investment, enhance intellectual property protection and establish a trade dispute settlement mechanism.

Related resource: NAFTANow.org

Related article:

Related term: FTA

 

 

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