Congressional Digest

International Debates Archives May 2005 No. 5 Vol. 3
Foreword

The Ongoing NAFTA Debate

The Trade Agreement in Its Second Decade

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Foreword

The North American Free Trade Agreement (NAFTA) between Canada, Mexico, and the United States, signed in 1992, created the largest free trade zone in the world. Effective in 1994, NAFTA now links 426 million people in an area that produces more than $12 trillion worth of goods and services. The trade agreement expanded the earlier U.S._Canada Trade Agreement (US_CFTA), signed in 1989. As a result of US_CFTA, barriers were already being eliminated between the United States and Canada, so the main new feature of NAFTA was the removal of the barriers between Mexico and the other two countries. NAFTA called…

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