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Three gears representing the United States, Canada, and Mexico, interconnected by an intricate mechanism, symbolizing the North American Free Trade Agreement

Understanding NAFTA: History, Provisions, Advantages, Disadvantages, and Replacement by USMCA

March 18, 2025 FinanceFacts101 International Trade

What is NAFTA? The North American Free Trade Agreement (NAFTA) was a landmark economic agreement signed on December 17, 1992, and implemented on January 1, 1994. The groundbreaking accord aimed to promote free trade between the United States, Canada, and Mexico by eliminating or reducing tariffs and other barriers to

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