North American Free Trade Agreement (NAFTA)
A trade agreement between Canada, the United States and Mexico that encourages free trade between these North American countries.

Investopedia Says:
The agreement, implemented on January 1, 1994, is based on the premise that removing as many tariffs as possible between these North American countries will increase trade within the region and benefit each country's economy.

Related Terms:
Balance Of Trade
Dumping
Export
General Agreement on Tariffs and Trade - GATT
Globalization
Import
North American Industry Classification System - NAICS
Tariff
Tequila Effect
World Trade Organization - WTO

• Cost and Freight (CFR)
• Cost Basis
• Cost-Benefit Analysis
• Cost, Insurance and Freight (CIF)
• Cost, Insurance and Freight (CIF)
• Cost Of Acquisition
• Cost Of Capital
• Cost Of Carry
• Cost Of Debt
• Cost Of Equity
• Cost Of Funds
• Cost Of Goods Sold (COGS)
• Cost Of Goods Sold (COGS)
• Cost Of Living Adjustment (COLA)
• Cost Of Savings Index (COSI Index)
• Cost Of Tender
• Cost Per Click (CPC)
• Cost Per Click (CPC)
• Cost Per Gross Addition (CPGA)
• Cost Per Thousand (CPM)
• Cost Per Thousand (CPM)
• Cost-Push Inflation
• Cost Synergy
• Coterminous
• Council of Economic Advisors (CEA)