NAFTA is the North American Free Trade Agreement, which is a trade deal between Canada, the US and Mexico. The agreement came into effect in 1994. According to some statistics, NAFTA has been most beneficial for the US economy.
Mexico should make efforts to stop people from illegally entering the US through its territory, President Donald Trump said. He also said the US could place the obligation on Mexico as part of a new NAFTA accord.
US leaving the North American Free Trade Agreement “won’t be the end of the world,” Mexican Foreign Minister Luis Videgaray said. He added that his country has to be ready to leave the negotiation table altogether.
Prime Minister Justin Trudeau arrived in Washington on Monday carrying the hopes of Canadian businesses that he can assure US President Donald Trump the North American Free Trade Agreement (NAFTA) is worth salvaging.