Answer:
NAFTA stands for the North American Free Trade Agreement, which was negotiated by former U.S. President George H.W. Bush, and went into effect under President Clinton in 1994. The agreement is between the United States, Canada and Mexico, and was initially created to help lower costs of trade and bolster North American trade.
Explanation:
History of NAFTA and Its Purpose. The North American Free Trade Agreement's history began in 1980. Its purpose is to reduce trading costs, increase business investment and help North America be more competitive in the global marketplace. The agreement is between Canada, the United States, and Mexico.
