North American Free Trade Agreement
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
Examples
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U.S.-Canada Free Trade Agreement (FTA) went into effect, and 1994, when the North American Free Trade Agreement (NAFTA) superseded it.
He also signed the North American Free Trade Agreement (NAFTA).
Early on, the Trump administration withdrew from the 2016 Trans-Pacific Partnership agreement and replaced the North American Free Trade Agreement (NAFTA) with a new deal—in a bid to reduce US trade deficit and job losses.
His unfavorable voting record such as supporting the invasion of Iraq and voting for devastating trade agreements like the North American Free Trade Agreement (NAFTA) are liabilities.
Lockdowns aimed at stopping the spread of the coronavirus are beginning to disrupt supply chains in the $1.2 trillion North American Free Trade Agreement region, with governments and companies disagreeing about which industries should operate.
Hillman is no stranger to difficult negotiations with the country’s largest trading partner, having played a central role in the 13-month effort in 2018 to negotiate a replacement for the North American Free Trade Agreement.