What does the acronym "NAFTA" stand for?

The acronym "NAFTA" stands for the North American Free Trade Agreement. This agreement was established in 1994 between Canada, Mexico, and the United States to create a trilateral trade bloc in North America. The primary goal of NAFTA was to reduce or eliminate trade barriers between the three countries, promoting economic integration and increasing trade and investment across North America. By focusing on free trade, NAFTA aimed to enhance the economies of the member countries through the removal of tariffs and other restrictions that had previously hindered cross-border commerce. Understanding NAFTA is crucial as it played a significant role in shaping trade policies and economic relations in North America during the late 20th and early 21st centuries.