U.S.-Mexico Trade
The Removal of Barriers to Commerce
The North American Free Trade Agreement (NAFTA), which took effect on January 1, 1994, called for the phasing out of virtually all restrictions on trade and investment flows among the United States, Canada, and Mexico over 10 years (with a few of the most sensitive restrictions eliminated over 15 years). The United States and Canada were already well into the elimination of the barriers between themselves in accordance with the Canada-United States Free Trade Agreement, so the main new feature of NAFTA was the removal of the barriers between Mexico and those two countries. Now, more than eight years later,…
