Q:

What is the main goal of NAFTA?

A:

Quick Answer

The main goal of the North American Free Trade Agreement (NAFTA) is to reduce barriers to trade and promote economic growth between Canada, Mexico and the United States. Negotiations between these three countries began in 1994.

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What is the main goal of NAFTA?
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Full Answer

NAFTA provides a free marketplace in which the United States, Mexico and Canada can exchange goods and services and promote export jobs. By implementing the agreement, the cooperating countries play a role in increasing purchasing choices by consumers and minimizing environmental issues such as illegal waste trading and wildlife endangerment. As part of NAFTA, the United States and Mexico also cooperate in the effort to keep the border areas clean and environmentally safe.

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Related Questions

  • Q:

    What are some facts about NAFTA?

    A:

    NAFTA, which is an acronym for the North America Free Trade Agreement, is a trade agreement between the United States, Mexico and Canada. The agreement first went into effect on Jan. 1, 1994, and is supplemented by two additional agreements.

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  • Q:

    Which countries are a part of NAFTA

    A:

    The United States, Canada and Mexico are three countries that make up NAFTA. The acronym NAFTA stands for North American Trade Association.

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  • Q:

    What are the main objectives of NAFTA?

    A:

    The main objectives of the North American Free Trade Agreement, or NAFTA, include removal of barriers to trade, enhancement of fair competition, to open up more opportunities, provision of security, to easily solve disputes and to explore new ways of co-operation. NAFTA is an international agreement that was signed by the United States of America, Canada and Mexico in a bid to establish a trilateral relationship for prosperity of all the countries.

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  • Q:

    Who should fill out a Certificate of Origin form?

    A:

    The exporter for goods that qualify under the North American Free Trade Agreement fills out and signs the Certificate of Origin. The exporter sends the completed Certificate to the importer, who must have it in hand before claiming the NAFTA preferential duties at customs, according to BusinessUSA.

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