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The Pros And Cons Of NAFTA

134 Words1 Pages
The North American Free Trade Agreement (NAFTA) is a free trade agreement between the three North American countries: Canada, United States, and Mexico. The agreement was signed by the presidents and prime minister in 1992, but it came into force by January 1, 1994 after being ratified by each nation’s legislative or parliamentary branch. The main goal of NAFTA was to eliminate trade and investment barriers, and its provisions were divided into four categories: intellectual property, environment, agriculture, and transportation infrastructure. Two decades after the signing, NAFTA has shown its significant impact on the economy of each North American nation. Proponents and critics have long been debating on the effects of NAFTA, and it becomes
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