The North American Free Trade Agreement (NAFTA) was a landmark trade deal established in 1994 between the United States, Canada, and Mexico. Its primary goal was to eliminate trade barriers and promote economic cooperation among the three nations, leading to increased trade and investment opportunities.
NAFTA significantly impacted various industries, including agriculture, manufacturing, and services. By reducing tariffs and fostering a more integrated market, it aimed to enhance competitiveness and economic growth in North America. However, it also faced criticism for its effects on jobs and the environment, leading to ongoing debates about trade policy.