Nafta
/ˈnæftə/ name
name ·Rare ·Advanced level
Definitions
Noun
- 1 an agreement for free trade between the United States and Canada and Mexico; became effective in 1994 for ten years wordnet
Proper Noun
- 1 Acronym of North American Free Trade Agreement abbreviation, acronym, alt-of
"But given the size of the three countries’ economies, and the fact that NAFTA already eliminated most tariffs and trade barriers between them, “the impact of the agreement on the US economy is likely to be moderate,” the ITC report said."
- 2 Alternative letter-case form of NAFTA (“North American Free Trade Agreement”). UK, alt-of
"Lance Fritz, the president and C.E.O. of Union Pacific Railroad, said pulling out of Nafta would harm trade, which would in turn weigh on his business."
Antonyms
All antonymsExample
More examples"But if intellectual property is to be addressed within NAFTA, it is critical that user rights are balanced alongside the extensive protections already granted to rights holders."
Etymology
From the acronym NAFTA, used in British press, not used in North America.