Definition: NAFTA (the North American Free Trade Agreement) is a treaty between Canada, the United States, and Mexico that removes trade barriers. By eliminating trade barriers, NAFTA increases investment opportunities. The NAFTA agreement is 2,000 pages. It has eight sections and 22 chapters.
That makes it the world’s largest free trade agreement as measured by Gross Domestic Product (GDP). Either the Trans-Pacific Partnership or the Transatlantic Trade and Investment Partnership will replace it. They must first be ratified