north american free trade agreement Synonyms
No Synonyms and anytonyms found
north american free trade agreement Meaning
Wordnet
north american free trade agreement (n)
an agreement for free trade between the United States and Canada and Mexico; became effective in 1994 for ten years
north american free trade agreement Sentence Examples
- The North American Free Trade Agreement (NAFTA) created a trilateral trade bloc among the United States, Mexico, and Canada.
- NAFTA aimed to eliminate tariffs and trade barriers between the three participating countries.
- The agreement significantly boosted economic growth within the NAFTA region.
- NAFTA has been credited with increasing investment and job creation in North America.
- Critics of NAFTA argue that it has led to job losses and environmental degradation.
- The renegotiation of NAFTA culminated in the creation of a revised agreement called the United States-Mexico-Canada Agreement (USMCA).
- NAFTA remains a cornerstone of North American economic integration.
- The impact of NAFTA on the automotive industry has been substantial.
- The agreement has also been praised for its provisions on intellectual property protection.
- NAFTA has served as a model for other regional trade agreements around the world.
FAQs About the word north american free trade agreement
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) created a trilateral trade bloc among the United States, Mexico, and Canada.
NAFTA aimed to eliminate tariffs and trade barriers between the three participating countries.
The agreement significantly boosted economic growth within the NAFTA region.
NAFTA has been credited with increasing investment and job creation in North America.
