WHAT IS THE NORTH AMERICAN
FREE TRADE AGREEMENT?
The North American Free Trade Area (NAFTA, 1994)
includes the United States, Canada, and Mexico
abolished tariffs on 99% of the goods traded between members
removed most barriers on the cross-border flow of services
protects intellectual property rights
removes most restrictions on FDI between the three member countries
allows each country to apply its own environmental standards
establishes two commissions to impose fines and remove trade privileges when
environmental standards or legislation involving health and safety, minimum
wages, or child labor are ignored