North_America_Free_Trade_Agreement

North America Free Trade Agreement North American Free Trade Agreement In December of 1992, President Salinas of the Government of the United Mexican States, President Bush of the Government of the United States of America, and Prime Minister Brian Mulroney of the Government of Canada signed the North American Free Trade Agreement (NAFTA); however, it was not ratified and fully effective until 1 January 1994. NAFTA, which established a free trade area among the aforementioned nations, consistent with the previously instituted General Agreement on Tariffs and Trade (GATT), eliminates tariffs on goods produced by the signatory nations by 2005, removes most barriers to cross-border investment and to the movement of goods and services, and improves intellectual property protection. The specific objectives contained in NAFTA are as follows: a) eliminate barriers to trade in, and facilitate the cross border movement of goods and services between the territories of the Parties; b) promote conditions of fair competition in the free trade area; c) increase substantially investment opportunities in their territories; d) provide adequate and effective protection and enforcement of intellectual property rights in each Party's territory; e) create effective procedures for the implementation and application of this Agreement, and for its joint administration and the resolution of trade, nafta, mexico, goods, tariffs, increased, gatt, services, agreement, investment, increase, united, states, new, property, jobs, intellectual, government, canada, mexican, international, growth, free, created, protection, investors, however, due, countries, business, between, been, american, wto, uruguay, standards, slowed, since, round, regulations, reduction, professionals, principles, policies, opportunity, opportunities, north, move, ibm, environmental, effective