The North American Free Trade Agreement, a trade deal between the United States, Canada, and Mexico that eliminated most tariffs between the three countries.
Acronym formed from 'North American Free Trade Agreement,' established in 1994. The term became widely used in political and economic discourse, eventually being replaced by USMCA (United States-Mexico-Canada Agreement) in 2020.
NAFTA fundamentally reshaped North American commerce and became one of the most politically contentious trade agreements in modern history. The acronym became so embedded in political discourse that it was often pronounced as a word rather than spelled out, unusual for government agreements.
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