The North American Free Trade Agreement or NAFTA (pronounced /næf.tʌ/, naf-tu) (Spanish: Tratado de Libre Comercio de América del Norte [TLCAN], French: Accord de libre-échange nord-américain [ALENA]) is a trilateral trade bloc in North America created by the governments of the United States, Canada, and Mexico. The agreement creating the trade bloc came into force on January 1, 1994. It superseded the Canada-United States Free Trade Agreement between the U.S. and Canada.
In terms of combined purchasing power parity GDP of its members, as of 2007 the trade block is the largest in the world and second largest by nominal GDP comparison.
The North American Free Trade Agreement (NAFTA) has two supplements, the North American Agreement on Environmental Cooperation (NAAEC) and the North American Agreement on Labor Cooperation (NAALC).
*From wikipedia._
As usual you make such great contributions to this class. Once again, thank you for being the kind of student you are. I hope your friends read the information about Nafta and learn from it. Excellent work.
ResponderEliminarThank you Yaris for posting this information. Now I know what the words of NAFTA stand for. This information will contribute with anyone who reads it.
ResponderEliminarThank you for enriching my vocabulary,and my knowlege.
ResponderEliminarYharis, thanks you. It is a new word that I will include in my brain. wherever this word appears I will understand, what they are talking about.
ResponderEliminar