It became positive and grew exponentially. From a small negative balance of USD 1.66 billion in 1993 (bilateral trade amounted for 81.49 billion), nowadays it has a positive trade balance of 54.45 billion, and bilateral trade is 506.61 billion.
NAFTA went into effect
it came into effect around 1994
1994.
World events from 1994 include the beginning of NAFTA, and Nancy Kerrigan being attacked. Other events in 1994 were a large earthquake in Los Angeles, and the Brady Law going into effect.
NAFTA is significant because it allows for trade between three nations without paying any tariffs or other taxes. NAFTA stands for North American Free Trade Agreement. It went into effect in 1994 and includes Canada, the United States, and Mexico.
1994 US Canada Mexico
NAFTA went into effect
NAFTA went into effect
After the establishment of NAFTA, Mexico was relieved of tariffs on its exports to the US and Canada. It was a major benefit for Mexico's economy in particular. Also, because NAFTA lifts tariffs off trade between North American countries, US and Canada imports are also cheaper in Mexico. Mexico is arguably the country that benefited the most from NAFTA.
nafta was founded in 1945
does nafta exist
Canada and Mexico