The kick-off of a North American free trade area began with U.S. President Ronald Reagan, who made the idea part of his campaign by announcing his candidacy for president in November 1979. [15] Canada and the United States signed the Canada-U.S. Free Trade Agreement in 1988, and shortly thereafter, Mexican President Carlos Salinas de Gortari decided to address U.S. President George H.W. Bush to propose a similar agreement to make foreign investment after the Latin American debt crisis. [15] When the two leaders began negotiations, the Canadian government of Prime Minister Brian Mulroney feared that the benefits that Canada had gained through the Canada-U.S. free trade agreement would be undermined by a bilateral agreement between the United States and Mexico, and asked to be associated with the U.S.-Mexico talks. [16] Clinton signed it on December 8, 1993. The agreement came into force on 1 January 1994. [24] [25] At the signing ceremony, Clinton paid tribute to four people for their efforts to reach the historic trade agreement: Vice President Al Gore, Council of Economic Advisers Chair Laura Tyson, National Economic Council Director Robert Rubin and Republican Congressman David Dreier. [26] Clinton also said, „NAFTA means jobs. U.S.

jobs and well-paying American jobs. If I didn`t believe it, I wouldn`t support this agreement. [27] NAFTA replaced the old Canada-U.S. free trade agreement. Article 102 of the nafta sets out its purpose. There were seven concrete objectives. Mr. Trudeau and Canadian Foreign Minister Chrystia Freeland announced that they would join the agreement if it was in Canada`s interest. [143] Freeland returned prematurely from his diplomatic trip to Europe and cancelled a planned visit to Ukraine to participate in the NAFTA negotiations in Washington at the end of August, D.C. [144] According to an August 31 Canadian press, published in the Ottawa Citizen, key supply management topics, Chapter 19, drugs, cultural exemption, sunset clause and de minimis thresholds. [140] A fourth round of talks included a U.S. request for a sunset clause that would terminate the agreement in five years unless the three countries agreed to maintain it, a provision that would allow U.S. Commerce Secretary Wilbur Ross to terminate the agreement if it did not work.

Canadian Prime Minister Justin Trudeau met with the House Ways and Means Committee because Congress would have to pass legislation that re-releases the treaty provisions if Trump tries to pull out of the pact. [136] After U.S. President Donald Trump took office in January 2017, he tried to replace NAFTA with a new agreement and began negotiations with Canada and Mexico. In September 2018, the United States, Mexico and Canada reached an agreement to replace NAFTA with the U.S.-Mexico-Canada Agreement (USMCA), and the three countries had ratified it until March 2020. Nafta remained in effect until the implementation of the USMCA. [13] In April 2020, Canada and Mexico informed the United States that they were ready to implement the agreement. [14] The USMCA came into force on July 1, 2020 and replaced NAFTA. On December 2, 2018, President Donald Trump said he would inform Congress of his intention to end NAFTA and gave lawmakers six months to pass a new tripartite trade agreement signed by the three nations on November 30. (The NAFTA pact allows each member country to formally withdraw with a six-month period.) NAFTA was actually negotiated by Bill Clinton`s predecessor, George H.W. Bush, who decided that he wanted to continue discussions on opening trade with the United States.

Bush initially tried to reach an agreement between the United States and Mexico, but President Carlos Salinas de Gortari insisted that a trilateral agreement be reached between the three countries. After talks, Bush, Mulroney and Salinas signed the agreement in 1992, which came into effect two years later after Clinton was elected president. Although NAFTA has not kept all its promises, it has remained in place.