nafta Synonyms
No Synonyms and anytonyms found
nafta Meaning
nafta (n)
an agreement for free trade between the United States and Canada and Mexico; became effective in 1994 for ten years
nafta Sentence Examples
- The North American Free Trade Agreement (NAFTA) significantly reduced trade barriers between the United States, Canada, and Mexico.
- NAFTA has been instrumental in fostering economic growth and increasing trade volume among its member nations.
- Some critics argue that NAFTA has resulted in job losses in the United States due to increased outsourcing.
- The renegotiation of NAFTA, resulting in the United States-Mexico-Canada Agreement (USMCA), aimed to address some of the concerns raised.
- NAFTA member countries have established a system to resolve disputes and maintain a fair and equitable trading environment.
- The agricultural sector has been heavily impacted by NAFTA, with increased cross-border trade and reduced tariffs.
- NAFTA has played a role in fostering closer economic ties between North American countries, facilitating cross-border investment and collaboration.
- The potential impact of NAFTA on the environment has been a subject of ongoing debate and research.
- The automotive industry has benefited from NAFTA, as reduced tariffs have allowed for increased production and trade within the region.
- NAFTA has facilitated the flow of goods, services, and investment across North America, creating a more integrated economic zone.
FAQs About the word nafta
an agreement for free trade between the United States and Canada and Mexico; became effective in 1994 for ten years
No synonyms found.
No antonyms found.
The North American Free Trade Agreement (NAFTA) significantly reduced trade barriers between the United States, Canada, and Mexico.
NAFTA has been instrumental in fostering economic growth and increasing trade volume among its member nations.
Some critics argue that NAFTA has resulted in job losses in the United States due to increased outsourcing.
The renegotiation of NAFTA, resulting in the United States-Mexico-Canada Agreement (USMCA), aimed to address some of the concerns raised.
