THE NORTH AMERICAN FREE TRADE AGREEMENT Signed on

THE NORTH AMERICAN FREE TRADE AGREEMENT Signed on Dec. 8, 1993; Launched on January 1, 1994

NAFTA: HOW IT BEGAN v NAFTA was signed into law by President Bill Clinton on December 8, 1993 v NAFTA came into effect, creating one of the world’s largest free trade zones. v It then layed the foundations for strong economic growth and rising prosperity for Canada, the United States, and Mexico.

CONCEPT BEHIND NAFTA v The concept behind NAFTA was to promote an economic growth by easing the movement of goods and services between the U. S. , Mexico and Canada. v President Ronald Reagan spoke of a North American agreement in his campaign in 1979. v NAFTA , which was launched in the year 1994 finally saw the last of its policies implemented on january 1, 2008.

FACTS ABOUT NAFTA v The North American Free Trade Agreement was a pact between three countries, The United States, Canada, and Mexico. v NAFTA was used to virtually eliminate all tariffs and trade restrictions between the three nations. . v During its planning stages, NAFTA was heavily criticized by Reform Party presidential candidate Ross Perot, who argued that if NAFTA was passed American companies would flee the U. S. for Mexico.

FACTS ABOUT NAFTA v The North American Free Trade Agreement, which took effect on January 1, 1994, had eventually created the world’s largest free-trade zone. v Having been signed by President Bill Clinton in the year 1993, NAFTA had finally taken effect 1 year later and was launched into action on January 1, 1994.