What does nafta mean? View the definition of nafta and all related slang terms containing nafta below:
nafta :
North American Free Trade Agreement
Usage of NAFTA
NAFTA stands for North American Free Trade Agreement, which is a treaty between Canada, Mexico, and the United States to eliminate barriers to trade and investment among the three countries. NAFTA came into effect in 1994 and has since encouraged economic growth, increased trade, and job creation. It has also been the source of controversy, with some arguing that it has led to the outsourcing of jobs from the United States to Mexico.
Examples of NAFTA used in texting:
1. Hey, did you hear about the new tariffs on steel imports from Mexico? It's going to affect NAFTA.
2. The new trade deal between the US, Mexico, and Canada is set to replace NAFTA.
3. I just read an article about how NAFTA has impacted the auto industry in North America.
