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TeachMeFinance.com - explain North American Free Trade Agreement (NAFTA) North American Free Trade Agreement (NAFTA) The term 'North American Free Trade Agreement (NAFTA) ' as it applies to the area of agriculture can be defined as ' A multilateral agreement negotiated by the United States, Canada and Mexico that sets forth agreements to lower and/or eliminate unfair trade barriers that affect the trade of goods and services between the three countries. NAFTA entered into force on January 1, 1994. The agriculture portion of NAFTA effectively is three bilateral agreements; U.S./Mexico, Mexico/Canada, and U.S./Canada. The U.S.-Canada agricultural agreement in NAFTA was negotiated previously as part of the U.S.-Canada Free Trade Agreement'. Previous 5 Terms: Normal Year Normal yield normalized difference vegetation index North American Electric Reliability Corporation (NERC) North American Electric Reliability Council (NERC) Next 5 Terms: North American Free Trade Agreement Implementation Act North American Industry Classification System (NAICS) North American Industry Classification System (NAICS) North American Waterfowl Management Plan North American Wetlands Conservation Act About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.