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NAFTA North American Free Trade Agreement (Characteristics (Establishment…
NAFTA
North American Free Trade Agreement
Economic Information
Canada
Use this continental platform as a way to help Canadian business embrace commercial opportunities around the world.
One in five jobs in Canada is in part linked to international trade
Mexico
Trade liberalization has transformed and modernized Mexico’s vibrant economy
Mexico’s exports have diversified from primarily oil to include an array of manufactured products
Mexico is one of the largest exporters in the world.
United States
The largest and most diversified economy in the world
Is a market economy whose businesses are world leaders in the manufacturing and high-tech sectors
Characteristics
Establishment
January 1, 1994
Languages
English, Spanish and French
Population
2015 estimate
478,400,000
GDP
2015 estimate
Total $21.901 trillion
HDI
2011 0.868
Member States
Mexico
United States
Canada
Provisions
Objective
Eliminate barriers to trade and investment between the U.S., Canada and Mexico.
Defending
Environment
Agriculture
Intellectual Property
Transportation Infrastructure
Results
Revolutionized trade and investment in North America
North Americans have enjoyed an overall extended period of strong economic growth
Stimulate economic growth and create higher-paying jobs across North America
Businesses with better access to materials, technologies, investment capital, and talent available across North America
Has proven that trade liberalization plays an important role in promoting transparency