North American Free Trade Agreement. A 1994 agreement reached by the United States, Canada, and Mexico that instituted a schedule for the phasing out of tariffs and eliminated a variety of fees and other hindrances to encourage free trade between the three North American countries.

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Several of the tariffs phased out by NAFTA were related to agriculture, textiles and automobiles, and penalties were to be issued for anyone that violated the agreed upon customs and laws.

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I studied NAFTA in school and I told him that it was really boring and I had no interest in it at all.

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My business proposition will leverage NAFTA to manage the costs and turn around time of delivery and hence will have an edge to avail similar services from china.

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