nafta - The North American Free Trade Agreement (NAFTA) was...

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The North American Free Trade Agreement (NAFTA) was implemented on January 1, 1994. It came into effect on January 1 , 1994 and ( as of 2008 ) it remains the largest trade bloc in the world in terms of combined GDP of its members. It is designed to remove tariff barriers between the U.S., Canada and Mexico over the next fifteen years. NAFTA includes two important side agreements on environmental and labor issues that extend into cooperative efforts to reconcile policies, and procedures for dispute resolution between the member states. NAFTA is known in French as ALENA (Accord de libre-échange nord américain), and in Spanish as TLC (Tratado de libre comercio) or TLCAN (Tratado de libre comercio de américa del norte). NAFTA eliminated the majority of tariffs on products traded among the United States , Canada , and Mexico , and gradually phased out other tariffs over a 15-year period. Restrictions were to be removed from many categories, including motor vehicles , computers , textiles , and agriculture . The treaty also protects
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This note was uploaded on 04/23/2008 for the course ECON 001 taught by Professor Trazdos during the Spring '08 term at Skidmore.

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nafta - The North American Free Trade Agreement (NAFTA) was...

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