DCHP-3

North American Free Trade Agreement

DCHP-2 (Oct 2016)

Spelling variants:
North American free trade agreement, free-trade agreement, North American Free-Trade Agreement, North American free-trade agreement

n. — Administration

an agreement between Canada, the USA, and Mexico to remove trade barriers. In effect from January 1, 1994.

Type: 4. Culturally Significant — The North American Free Trade Agreement superseded the Canada-U.S. Free Trade Agreements, which were signed in 1988. See also Canadian Encyclopedia, s.v. "Free Trade".
COD-2 lists the abbreviation NAFTA only.
See: NAFTA
The North American Free Trade Agreement is more commonly referred to by its acronym, NAFTA.

Quotations

1985
What the Data Resources analysis also indicates is that, if Canadian manufacturers invest in new, more advanced capital equipment, and if management and labor join in a drive to raise productivity, Canada could expect to prosper under a North American free trade agreement.
1990
REINFORCING THIS has been the new North American free trade agreement, which has lowered the old tariff barriers between the U.S. and Canada, and also decentralized trade.
1990
The free-trade agreement with the United States should be cancelled, not expanded to include Mexico in a North American trade zone, the Canadian Labor Congress said yesterday.
1994
The North American free-trade agreement goes into effect today and the Canadian apparel industry is generally regarded as the biggest loser under the deal, with possibly 30,000 jobs, most in Ontario and Quebec, in jeopardy.
1995
Exports have grown 35 per cent as a lower peso makes Mexican products cheaper in foreign markets and the North American Free-Trade Agreement protects access to the rich markets of Mexico's two northern neighbours.
1999
One economist estimates 440,000 net jobs have been lost in the United States since the North American Free Trade Agreement went into effect in 1994.
2005
The North American Free Trade Agreement and the lowest interest rates in 40 years have been two most significant drivers of this recent success.
2008
- Federal Trade Minister David Emerson says threats by two Democratic presidential contenders to pull the United States out of the North American Free Trade Agreement are cause for genuine concern because it feeds a growing protectionist sentiment south of the border.
2016
The tribunal found that certain guidelines of the Canada-Newfoundland Offshore Petroleum Board were discriminatory and thereby breached Canada's obligations under the North American free-trade agreement.

References

  • COD-2
  • The Canadian Encyclopedia