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North American Free Trade Movement

as the Common market, there is the North American Free Trade Agreement (NAFTA) partnership between the United States, Canada and Mexico.

On December 17, 1992, the United States, Canada, and Mexico signed a historic trade accord. The North American Free Trade Agreement (NAFTA) is the most comprehensive free trade pact (short of a common market) ever negotiated between regional trading partners, and it is the first reciprocal free trade pact between a developing country and industrial countries. NAFTA entered into force January 1, 1994, after ratification by the three legislatures (Moran & Abbott, 1994, pp. 1-5).

In the United States, the process of formulating implementation of legislation began in the new Congress, which convened in January 1993. Because NAFTA was signed before fast-track provisions of U.S. law expired, there is no statutory deadline for submitting implementing legislation. However, given the 90 session days allowed for congressional action and the political calendar in Canada and Mexico, U.S. implementing legislation had to be submitted

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North American Free Trade Movement. (1969, December 31). In LotsofEssays.com. Retrieved 21:03, May 14, 2024, from https://www.lotsofessays.com/viewpaper/1708024.html