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The North American Free Trade Agreement [NAFTA]
On January 1, 1994, the North American Free Trade Agreement between the United States, Canada, and Mexico (NAFTA) entered into force.
All remaining duties and quantitative restrictions were eliminated, as scheduled, on January 1, 2008.
NAFTA created the world's largest free trade area, which now links 444 million people producing $17 trillion worth of goods and services.
Trade between the United States and its NAFTA partners has soared since the agreement entered into force. U.S. Goods and services trade with NAFTA totaled $1.0 trillion in 2007 (latest data available). Exports totaled $452 billion; Imports totaled $568 billion. The U.S. goods and services trade deficit with NAFTA was $116 billion in 2007.
The United States has $967 billion in total (two ways) goods trade with NAFTA countries (Canada and Mexico) during 2008. Goods exports totaled $412 billion; Goods imports totaled $555 billion. The U.S. goods trade deficit with NAFTA was $143 billion in 2008.
Trade in services with NAFTA (exports and imports) totaled $106.8 billion in 2007 (latest data available). Services exports were $66.6 billion; Services imports were $40.2 billion. The U.S. services trade surplus with NAFTA was $26.5 billion in 2007.
Special Report: NAFTA at 10
Select from the links below to view reports reviewing the results of the North American Free Trade Agreement (NAFTA) after 10 years in effect.