NAFTA
Speech parts
1. NAFTA - Noun
2. NAFTA - Proper noun
Meaning
an agreement for free trade between the United States and Canada and Mexico; became effective in 1994 for ten years
Source: WordNetSynonyms
Hypernyms
Phrases with the word
Anagrams
Examples
A maquiladora manufacturer operates by importing raw materials into Mexico either tariff free (NAFTA) or at a reduced rate on a temporary basis (18 months) and then using Mexico's relatively less expensive labor costs to produce finished goods for export.
Bilateral trade increased by 52% between 1989, when the U.S.-Canada Free Trade Agreement (FTA) went into effect, and 1994, when the North American Free Trade Agreement (NAFTA) superseded it.
Clinton and co. passed the crime bill, NAFTA and other pieces of incredibly unpopular policies with disastrous consequences.
And the new NAFTA was well-received by unions and the broader business community.
Bush needed a renewal of negotiating authority to move forward with the NAFTA trade talks.
Chapter 52 provides a procedure for the international resolution of disputes over the application and interpretation of NAFTA.