The
North American Free Trade Agreement or
NAFTA is an agreement signed by the governments of
Canada,
Mexico, and the
United States, creating a trilateral
trade bloc in North America. The agreement came into force on January 1, 1994. It superseded the
Canada-United States Free Trade Agreement between the U.S. and Canada. In terms of combined
purchasing power parity GDP of its members, as of 2007
[update] the trade bloc is the
largest in the world and second largest by nominal GDP comparison.
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