What is North America free trade agreement is?

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2026-08-09 14:25

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The North America Free Trade Agreement (NAFTA) was a trilateral trade agreement established in 1994 between the United States, Canada, and Mexico. Its primary aim was to eliminate trade barriers and tariffs, thereby promoting economic cooperation and increasing trade among the three nations. NAFTA was replaced by the United States-Mexico-Canada Agreement (USMCA) in July 2020, which updated certain provisions while maintaining the core objectives of promoting trade and economic integration.

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