North American Free Trade Agreement (NAFTA)
The North American Free Trade Agreement, or NAFTA, was a trade agreement established in 1994 between Canada, Mexico, and the United States. Its primary goal was to eliminate trade barriers, such as tariffs, to promote economic cooperation and increase trade among the three countries.
NAFTA aimed to create a more integrated North American economy by facilitating the flow of goods and services. It also included provisions for protecting intellectual property and addressing labor and environmental standards, making it a comprehensive framework for trade relations in the region.