North American Free Trade Agreement (NAFTA) Of 1993


Definition of "North american free trade agreement (NAFTA) of 1993"

Agreement that eliminates tariffs among the United States, Canada, and Mexico over a 15-year period. Approximately 65% of United States agricultural and industrial exports would be eligible for duty-free entry into Mexico and Canada, either on an immediate basis or within five years. This could very well expand insurance operations both south and north of the border.

 

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