The North American Free Trade Agreement (N.A.F.T.A.) (1994)

     In 1994 President Bill Clinton signed the North American Free Trade Agreement. (N.A.F.T.A.) The North American Free Trade Agreement removed barriers for trade between the United States, Mexico, and Canada. N.A.F.T.A. reduces trading costs, increases business investment, and it helps North America be a competitor in global trade. Between 1994-2007 trade went from $297 billion to $1 trillion. Immediately N.A.F.T.A. eliminated many taxes on imported goods between Canada, Mexico, and the United States. Also, Mexico has bought many more goods from the U.S. than it did before N.A.F.T.A. The North American Free Trade Agreement is a very controversial issue because while many Americans agreed with it, many Americans did not agree with it.