NAFTA Effective as of January 1, 1994 A trade agreement between CANADA, MEXICO, and the UNITED STATES which provides for the elimination of tariffs on North American goods shipped among the three countries.
America’s farmers have benefited greatly from NAFTA.
US economy has grown significantly.
U.S. manufacturing output soared.
In the 1990s, the population of the U.S has grown.
Two agreements were added to the final NAFTA negotiations.
Regulations concerning carriers moving between Canada and the U.S. have been reduced.
BILLION OF US DOLLAR Annual Trilateral Trade, 1994–2006
By establishing a strong, certain, and transparent framework for investment, the NAFTA creates an environment of confidence and stability required to make long-term investments, as a result, investment has poured into each of the NAFTA countries since 1994 .
In 2006, foreign direct investment (FDI) by each of the NAFTA partners in the other countries reached USD 533 billion, more than triple the USD 138 billion figure registered in 1993.
There is also an consistent growth from 1994 to 2006 in the trilateral trade between the countries.