NAFTA - Free Trade The North American Free Trade Agreement's purpose is to increase contact to foreign markets for U.S. exports through the elimination of taxed and non-taxed barriers of trade. They do three main things to ensure that this happens: 1)Contribute a great deal to the coordination and development of U.S. trade policy in the Western Hemisphere for the Department of Commerce. 2)Inform the U.S. business community, policy-makers, and Congress concerning …
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showed last 75 words of 238 total
…agreements they sign with our country." This pact became effective on January 1, 1994. The North American Free Trade Agreement was built upon a 1989 trade agreement between the United States and Canada that eliminated taxes on most goods that traveled between the two countries. NAFTA forms the world's second largest free-trade zone, bringing together millions of consumers in Canada, Mexico, and the United States in an open market. It is second only to the European Economic Area.