What Does NAFTA Stand For?

NAFTA stands for North American Free Trade Agreement

NAFTA, or North American Free Trade Agreement, is a trilateral trade agreement established in 1994 between the United States, Canada, and Mexico. Its primary objective is to eliminate barriers to trade and investment between the three countries, promoting economic integration and cooperation. By reducing tariffs and fostering a more competitive marketplace, NAFTA aims to enhance the economic prosperity of the member nations while facilitating the flow of goods, services, and capital across borders.