1992day.year
Canada, Mexico and the United States announce completion of negotiations for the North American Free Trade Agreement (NAFTA).
Canada, the United States, and Mexico finalize negotiations on the North American Free Trade Agreement, pioneering a new era of continental trade.
On August 12, 1992, leaders of Canada, Mexico, and the United States announced the completion of negotiations for the North American Free Trade Agreement (NAFTA). The trilateral pact aimed to eliminate trade barriers, reduce tariffs, and foster economic integration across the continent. NAFTA supporters argued that the agreement would boost economic growth, create jobs, and strengthen diplomatic ties among the three nations. Critics, however, voiced concerns about potential job losses in certain industries and environmental impacts. After detailed studies and public hearings, the agreement was signed by President George H. W. Bush, Prime Minister Brian Mulroney, and President Carlos Salinas in December 1992. NAFTA went into effect on January 1, 1994, reshaping manufacturing and agricultural sectors and laying the groundwork for future trade deals. The agreement had a profound impact on supply chains and remains a benchmark for regional trade cooperation.
1992
North American Free Trade Agreement