Meaning of nafta
Nafta
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International trade
Glossary of international trade terms
Meaning and definition of nafta :
The North American Free Trade Agreement, the largest free trade area in the world, 340 million people and $6 trillion in GDP, encompassing Canada, the United States and Mexico. This free trade pact was passed by the U.S. Congress in November 1993 and began implementation in January 1994. NAFTA follows the model of the U.S.-Canada Free Trade Agreement and will lower trade barriers among the three countries over the next 15 years to zero in most categories of goods and services.
For the term nafta may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
Source : http://www.irantender.com/english/Document/Glossary%20of%20International%20Trade%20Terms.doc
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Glossary of international trade terms
Nafta
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