U.S.-Canada Free Trade Agreement

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U.S.-Canada Free Trade Agreement

A treaty between the United States and Canada that went into effect in 1988 and in which each country pledged to reduce their tariffs over a period of 10 years. It also eased the conditions under which cross-border investment could occur. The agreement greatly increased international trade between Canada and the U.S. NAFTA superseded it in 1994.
References in periodicals archive ?
In discussing recent changes, the focus is more on Mexico than Canada, as many of the changes between the US and Canada have been implemented as part of the US-Canada Free Trade Agreement.
Prior to implementation of the US-Canada Free Trade Agreement (CFTA), Canadian tariffs on US metalworking machinery ranged up to 9.
Under the US-Canada Free Trade Agreement, tariffs have been reduced annually since 1989 and were eliminated on TABULAR DATA OMITTED Jan.