What is NAFTA an a example of?

NAFTA, the North American Free Trade Agreement, was a trade agreement implemented in 1994 between the United States, Canada, and Mexico. It aimed to eliminate trade barriers and promote economic cooperation among the three countries. NAFTA is an example of a regional trade agreement, which facilitates trade by reducing tariffs and fostering investment within a specific geographic area. It has since been replaced by the United States-Mexico-Canada Agreement (USMCA) in 2020.