Q: What is NAFTA?
A: The United States, Canada, and Mexico entered into the North American Free Trade Agreement effective January 1, 1994. NAFTA eliminated duties and trade restrictions on goods shipped between the three countries. Before NAFTA, goods shipped between the countries were taxed when they crossed the border. NAFTA covers rules of origin, customs procedures, agriculture and sanitary measures, government procurement, investment, trade in services, protection of intellectual property rights, and dispute settlement procedures.