North American Free Trade Agreement (NAFTA)
The North America Free Trade agreement (NAFTA) was established in 1994 and comprises of a free trade agreement between Canada, US and Mexico.
NAFTA was devised to create an expanded and secure market for the goods and services produced in the three territories and reduce distortions to trade. It established clear rules governing their trade relationships and built on their respective rights and obligations under the General Agreement on Tariffs and Trade and other multilateral co-operations.
In 2005 EU-NAFTA Trade in goods amounted to 480 billion Euros whilst in 2004 trade in services amounted to 260 billion Euros.
Further information can be found at North America Free Trade Area (NAFTA) website (see related external links).
Contact
John Souttar
Tel: 020 7215 4476
Fax: 020 7215 4391
E-Mail: john.souttar@berr.gov.uk