Desde Investopedia

TERM OF THE DAY

North American Free Trade Agreement - NAFTA The North American Free Trade Agreement (NAFTA) is a piece of regulation implemented January 1, 1994 simultaneously in Mexico, Canada and the United States that eliminates most tariffs on trade between these nations. The essence of a free trade measure, NAFTA’s purpose is to encourage economic activity between the three major economic powers of North America. Numerous tariffs (with a particular focus on those related to agriculture, textiles and automobiles) were phased out on a gradual basis, beginning with the agreement’s implementation and ending on January 1, 2008.

Breaking it Down: About one-fourth of all U.S. imports (especially crude oil, machinery, gold, vehicles, fresh produce, livestock and processed foods) comes from Canada and Mexico... Read More