Final answer:
NAFTA was a trade agreement signed by Canada, the United States, and Mexico in 1994, aiming to eliminate trade barriers between the three countries.
Explanation:
NAFTA (North American Free Trade Agreement) was a trade agreement signed by Canada, the United States, and Mexico in 1994, creating a trade bloc between the three countries. Despite initial discussions to include Chile, the actual signatories were Canada, Mexico, and the United States. This agreement aimed to eliminate trade barriers like tariffs between the member nations.
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