NAFTA

Nafta: the North American Free Trade Agreement is a treaty concluded in 1992, and which came into force in 1994, in order to create a free trade area between the three North American countries: Canada, the United States and Mexico. Conceived at Washington’s initiative to in part counterbalance the single European market, NAFTA does not nonetheless have the aim of creating supranational institutions and to merge the policies of its members, as do the European Union and Mercosur. It consists essentially of a commercial treaty which has had the effect of considerably intensifying trade between the three countries. The United States’ objective is to extend NAFTA to all the countries of the American continent under the name of FTAA. NAFTA website