Historic agreement placed Canada, Mexico and the United States at the forefront of trade liberalization
January 1, 2014 - Ottawa - Foreign Affairs, Trade and Development Canada
The Honourable Ed Fast, Minister of International Trade, today marked the 20th anniversary of the entry into force of the North American Free Trade Agreement (NAFTA).
Signed by Prime Minister Brian Mulroney, Mexico’s President Carlos Salinas and U.S. President George H.W. Bush, NAFTA came into effect on January 1, 1994, creating the largest free trade region in the world.
Since then, the North American economy has more than doubled, and productivity in Canada has increased 14 percent, bringing economic growth to the three NAFTA partners and raising the quality of life of their citizens. NAFTA has provided a solid foundation for Canada’s future prosperity.
“Building on this success, our government is moving forward with the most ambitious trade expansion plan in Canadian history, which includes a comprehensive, next-generation trade agreement with the European Union. This agreement is even broader in scope and more ambitious than NAFTA and will generate benefits in key economic sectors covering every region of Canada.”
- Ed Fast, Minister of International Trade
Rudy Husny
Press Secretary
Office of the Honourable Ed Fast
Minister of International Trade
613-992-7332
Media Relations Office
Foreign Affairs, Trade and Development Canada
613-995-1874
media@international.gc.ca
Follow us on Twitter: @Canada_Trade