What was the primary purpose of NAFTA?

The primary purpose of NAFTA, the North American Free Trade Agreement, was to eliminate trade barriers between the United States, Canada, and Mexico. This agreement, which took effect in 1994, aimed to facilitate trade and investment among the three nations by eliminating tariffs and reducing restrictions on the exchange of goods and services. By fostering a more integrated economic environment, NAFTA sought to enhance economic cooperation and competitiveness across North America.

The initiative was grounded in the belief that by reducing or removing trade barriers, member countries would see an increase in trade volume, economic growth, and job creation. NAFTA represented a significant step toward liberalizing trade in North America, encouraging businesses to operate across borders, and allowing consumers access to a wider range of products at potentially lower prices.

Understanding NAFTA's role in trade relationships highlights its importance in shaping economic policies and alliances in the region.