What is North American Free Trade Agreement?
[[File:NAFTA logo.png|thumbnail]] [[File:Flag of the North American Free Trade Agreement (standard version).svg|thumbnail]] The '''North American Free Trade Agreement''' ('''NAFTA''') was a [[trade]] agreement between [[Mexico]], the [[United States]], and [[Canada]]. The agreement was signed by U.S. President [[George H.W. Bush]], Canadian Prime Minister [[Brian Mulroney]], and Mexican President [[Carlos Salinas]] on December 17, 1992 in [[San Antonio, Texas]], and took effect on January 1, 1994. It removed taxes on products traded between the United States, Canada, and Mexico. It also protects [[copyright]]s, [[patent]]s, and [[trademark]]s between those three countries. It was updated with the North American Agreement on Environmental Cooperation, which helped set more environment regulations and helped reduce [[pollution]]. It was also updated with the North American Agreement for Labor Cooperation, which helped people fight for better work conditions. On September 30, 2018, it was announced that the [[United States]], [[Mexico]], and [[Canada]] had come to an agreement to replace NAFTA with the [[United States–Mexico–Canada Agreement]] (USMCA). == Effects == Since it took away taxes between products traded between the US, Canada, and Mexico. Mexico has been buying more products from the US. It saved U.S. companies on the cost of selling products to Mexico, and it saved Mexican companies on the cost of buying things from U.S. companies. A benefit of the bill is that labels on products exchanged between the three countries come in French, English, and Spanish. That way, Mexicans and Americans who speak Spanish can read the Spanish label, Americans and Canadians can read the English label, and Canadians who speak French can read the French label. NAFTA also encourages more immigration from Mexico to the US. Since small businesses can no longer be protected by tariffs, many [[small business]] owners in Mexico cannot compete with the prices of subsidized products from the US and therefore many of them have go