The Open Dictionary

NAFTA

noun

UK/ˈnæftə/
US/ˈnæftə/

Definitions of NAFTA noun

  1. An abbreviation for the North American Free Trade Agreement, a trade agreement between the United States, Canada, and Mexico.

    • Trade volume among the three countries increased significantly after NAFTA went into effect.

    • Many manufacturers criticized NAFTA for causing job losses in the United States.

    • NAFTA aimed to remove trade barriers between the United States, Canada, and Mexico.