Who Started the Nafta Agreement

The North American Free Trade Agreement, commonly known as NAFTA, is a trade agreement between the United States, Canada, and Mexico. But do you know who started the NAFTA agreement? Let`s take a closer look at the history of this agreement.

NAFTA negotiations began in 1990 when the United States and Canada agreed to explore a free trade agreement. This agreement was intended to eliminate trade barriers between the two countries and increase economic growth. In 1991, Mexico joined the negotiations, creating the three-country agreement we know today as NAFTA.

The negotiations were led by the leaders of the three countries at the time: President George H.W. Bush of the United States, Prime Minister Brian Mulroney of Canada, and President Carlos Salinas de Gortari of Mexico. These leaders recognized the potential benefits of free trade between their countries, including increased economic growth, job creation, and improved standard of living for their citizens.

NAFTA was signed into law on January 1, 1994, by President Bill Clinton, Prime Minister Jean Chrétien of Canada, and President Carlos Salinas de Gortari of Mexico. The agreement created a free trade zone between the three countries, eliminating most tariffs on goods and services traded between them. This meant that businesses in each of the three countries could trade with each other without any added costs, making it easier for them to sell their products and services in different markets.

NAFTA has since been updated and renegotiated several times, with the most recent update called the United States-Mexico-Canada Agreement (USMCA). The USMCA was signed in 2018 and went into effect on July 1, 2020, with the goal of modernizing the agreement and addressing issues such as labor rights and environmental protections.

In conclusion, the NAFTA agreement was started by the leaders of the United States, Canada, and Mexico in the early 1990s. Their goal was to increase economic growth and improve the standard of living for their citizens by eliminating trade barriers between their countries. This agreement has since been updated and renegotiated several times, most recently with the USMCA in 2018. Today, NAFTA and its successors continue to benefit businesses and consumers across North America.

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