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Friday, 03 July 2009   |   Last Updated: 11 May 2009

 

North American Free Trade Agreement (NAFTA)

nafta flagOn January 1, 1994, the North American Free Trade Agreement between the United States, Canada, and Mexico (NAFTA) entered into force.

All remaining duties and quantitative restrictions were eliminated, as scheduled, on January 1, 2008.

NAFTA created the world's largest free trade area, which now links 444 million people producing $17 trillion worth of goods and services.

Trade between the United States and its NAFTA partners has soared since the agreement entered into force.

U.S. two-way trade with Canada and Mexico exceeds U.S. trade with the European Union and Japan combined.

U.S. goods exports to NAFTA partners nearly tripled between 1993 and 2008, from $142 billion to $418 billion.

NAFTA related information is available on the right.