What does "nafta" mean?
an agreement for free trade between the United States and Canada and Mexico; became effective in 1994 for ten years
name ·Rare ·Advanced level
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"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."
"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."
"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."
an agreement for free trade between the United States and Canada and Mexico; became effective in 1994 for ten years
Common synonyms include: north american free trade agreement, trilateral trade agreement.
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.
Pronounced /ˈnæftə/.
From the acronym NAFTA, used in British press, not used in North America.