Part one of term paper
NAFTA, or the North American Free Trade Agreement is a trade agreement that was created in 1994. The purpose of this agreement is to provide free trade for the North American countries of Mexico, Canada, and the United States. Its goal is to eliminate all trade barriers and restrictions that exist between these three countries within the ne ...

Part two of term paper
... for trade with nonmember nations. This is used so that the countries involved in NAFTA can still trade with other countries around the world. Next, a common market maintains a customs union and seeks to bring all trade rules into agreement. Finally, in a free trade area participants agree to trade among themselves without tariffs or trade restrictions. This free trade area is the most important goal that NAFTA is trying to acheive. Since its creation in 1994, NAFTA has been a huge succe ...