Question

Please tell me facts about NAFTA

Answer 1

The goal of NAFTA was to eliminate barriers to trade and investment between the U.S., Canada and Mexico

The implementation of NAFTA on January 1, 1994 brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than one-third of U.S. exports to Mexico

Within 10 years of the implementation of the agreement, all U.S.-Mexico tariffs would be eliminated except for some U.S. agricultural exports to Mexico that were to be phased out within 15 years