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Definitions from the Web

North American Free Trade Agreement

Description:

The North American Free Trade Agreement (NAFTA) is an agreement signed by the United States, Canada, and Mexico, creating a trilateral trade bloc in North America. It aims to eliminate barriers to trade and promote economic cooperation between the three countries.

Sample Sentences:

Sense 1: Agreement between the United States, Canada, and Mexico:

1. The North American Free Trade Agreement boosted trade between the three countries.
2. NAFTA has been instrumental in creating economic opportunities for North American businesses.
3. Under the terms of the North American Free Trade Agreement, tariffs on certain goods have been reduced or eliminated.

Sense 2: International trade and economic cooperation:

1. NAFTA has contributed to the growth of North American economies.
2. The North American Free Trade Agreement fosters cooperation among its member countries.
3. Many industries have benefited from the opportunities created by NAFTA.

Sense 3: Historical and political significance:

1. The ratification of NAFTA was a major milestone for North American trade relations.
2. Debate over the North American Free Trade Agreement has been ongoing since its inception.
3. NAFTA has had a profound impact on the business landscape of North America.

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