The North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico was launched more than 20 years ago to reduce trading costs, increase business investment, and help North America become more competitive in the global marketplace.
Many importers and exporters have capitalized on these opportunities of reduced or free rates of duty. In turn, these entities have increased their efficiency, speed of growth, and profits; adding to their advantages and bottom lines.
Today NAFTA is the subject of current trade negotiations, and on the minds of many North American businesses. This document looks at NAFTA's past achievements and impacts on importers and exporters.