The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico that liberalizes restrictions on trade between the three countries. Some of the agreement's objectives include:
- The elimination of tariff or duty rates (all qualifying products to Canada are now duty-free, and virtually all qualifying products to Mexico are now duty-free).
- Promotes conditions of free competition, and increases market access and investment opportunites within the free trade area.
Since implementation January 1, 1994, trade between the three countries has increased more than 200 percent.
For more information on NAFTA please consult the links below:
Trade Information Center NAFTA website
NAFTA: A Guide to Customs Procedures
U.S. Trade Representative NAFTA website
International Trade Administration's NAFTA website