| 单词 | NORTH AMERICAN FREE TRADE AGREEMENT |
| 释义 | A treaty between Canada, the US and Mexico that was legislated in 1994, which removes tariffs and other barriers to facilitate easy trade between these countries. It lasts between five and ten years. In comparison to the EU, NAFTA has a higher output that is based on a smaller population. The NAFTA also accounts for environmental, health and natural resource concerns. |
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