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NAFTA was an agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.

The goals of NAFTA were to stimulate economic growth, create jobs, and ensure fair trade and investment between member countries.

NAFTA had a controversial impact on jobs, with some sectors experiencing job growth due to greater export opportunities, while others faced job losses due to increased competition.

NAFTA included mechanisms for resolving trade disputes between the member countries to ensure that the agreement's rules are enforced fairly and consistently.

NAFTA included side agreements aimed at addressing environmental concerns, with commitments from member countries to enforce their own environmental laws.

NAFTA opened agricultural markets among member countries, which benefitted consumers with lower prices but also sparked concerns over farmers' livelihoods.

NAFTA sought to protect intellectual property rights, aiming to encourage and maintain innovation across member countries.

Rules of origin were established to define how goods must be produced to qualify for NAFTA's tariff benefits, preventing transshipment of goods from non-member countries.

NAFTA significantly impacted the auto industry by allowing manufacturers to move production to lower-cost locations in Mexico, affecting jobs and investment in all member countries.

Alongside NAFTA, labor side agreements were implemented to promote adherence to labor standards and improve working conditions in member countries.

NAFTA provided access to service sectors between the member countries, which expanded business opportunities but also increased competition.

NAFTA increased cross-border investment by giving investors from member countries more rights and protections.

NAFTA led to initiatives that aimed at improving the efficiency of border crossings to facilitate trade by reducing delays and costs.

NAFTA established various committees and working groups to promote dialogue and cooperation on issues like trade facilitation, labor, and the environment.

NAFTA recognized the importance of cultural identity and exempted certain cultural industries, notably in Canada, from some of the agreement's provisions.

NAFTA preserved the right for member countries to apply trade remedy laws against unfair trade practices, including antidumping and countervailing duties.

NAFTA created significant opportunities for energy trade among the U.S., Canada, and Mexico, leading to a more integrated North American energy market.

NAFTA eliminated or reduced tariffs on most goods traded between the U.S., Canada, and Mexico, dramatically increasing market access for these products.

NAFTA allowed for the temporary entry of business persons among member countries, facilitating short-term entry for trade and investment activities.

Under NAFTA, member countries' governments agreed to certain levels of openness to suppliers from other member countries in government procurement contracts.

NAFTA set out provisions to promote fair competition and access to telecommunications networks among the member countries.

Although not originally included in NAFTA, the growth of e-commerce has been influenced by NAFTA principles, fostering digital trade among member countries.

NAFTA simplified customs procedures to facilitate the swift movement of goods, reducing administrative burdens for businesses.

NAFTA aimed to enhance cooperation on standards and technical regulations to ensure that these do not create unnecessary barriers to trade.

NAFTA included commitments to maintain laws and regulations that promote competition and prohibit anticompetitive business conduct.

NAFTA established guidelines to apply sanitary and phytosanitary measures in a scientific and nondiscriminatory manner for food safety and plant/animal health.

Under NAFTA, member countries agreed to allow the exchange of their currencies freely and without restrictions, facilitating trade and investments.

The textile industry was significantly affected by NAFTA, with rules aiming to strengthen the regional market and address challenges faced by manufacturers.

NAFTA not only influenced economic relations but also had political implications, encouraging closer diplomatic and security cooperation among member countries.