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TheNorth American Free Trade Agreement (NAFTA) is an agreement signed by Canada, Mexico, and the United States. This created a trade bloc in North America which other outside countries were against. This agreement became official on January 1, 1994. NAFTA is one of the world’s largest free trade zones. It has been a building block for strong economic growth, which benefits the country. NAFTA has also demonstrated how free trade increases wealth and helps out farmers, workers, manufacturers, etc. • Trade bloc: An agreement between states, regions, or countries, to reduce barriers to trade between the participating regions.
NAFTA was created on January 1, 1994. • The NAFTA is one of the most important regional trade agreements ever negotiated by the United States. • NAFTA created the world's largest free trade area. It now links 450 million people together and is producing $17 trillion worth of goods and services. • It is one of the most important agreements between Canada, Mexico, and the U.S. • NAFTA was made to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace. • In about fifteen years, NAFTA has made the total amount of money made from trading triple.
