What does "NAFTA" stand for?

The acronym "NAFTA" stands for the North American Free Trade Agreement. This agreement was established in 1994 and aimed to create a trilateral trade bloc in North America by eliminating trade barriers between Canada, Mexico, and the United States. NAFTA promoted economic cooperation by facilitating the free movement of goods and services across borders, which in turn was intended to boost economic growth and enhance the competitiveness of the partner nations. Understanding this agreement is crucial for grasping the dynamics of trade relationships in North America and its impact on the economies involved.