Routledge Dictionary of Economics, Second Edition
North American Free Trade Area (F1)
An extension of the US-Canada Free Trade Agreement of 1989 to include Mexico, agreed in 1992.
Over fifteen years all duties, tariffs and non-tariff barriers between the countries will be eliminated. For trade-sensitive products such as beer, footwear and maize there will be long periods of adjustment. A three-nation panel will consider trade disputes, including related employment and environmental matters.
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