North American Free Trade Agreement Hear it!

North American Free Trade Agreement (NAFTA) Finance Definition

A free-trade zone created by the governments of the United States, Canada, and Mexico to encourage trade among themselves. By eliminating barriers to trade in goods and services in the North American region, NAFTA also provides a dispute-resolution process for its members to solve trade issues before they get out of hand. The protection and enforcement of intellectual property rights also is a goal of the treaty.