N A F T A: North American Free Trade Agreement.

A free trade agreement comprising Canada, Mexico, and the United States. Tripartite negotiations to form NAFTA began among these countries in June of 1991 and were concluded in August of 1992. The United States Congress finally ratified NAFTA in November of 1993, and the agreement went into effect on 1st of January in 1994. NAFTA was expected to create a free trade area with a combined population of 356 million people and a GDP of more than US$6 trillion. Chile …

…Section, each headed by a national Secretary, and with offices in each national capital. The Secretariat is accountable to the NAFTA Free Trade Commission, which comprises the ministers responsible for international trade in the three NAFTA partner countries. Bibliography: 1 - lcweb2.loc.gov/frd/cs/chile/cl_glos.html, date: 1st of October, 2005. 2 - ilrdss.sws.uiuc.edu/glossary/glossary_allresults.asp, date: 1st of October, 2005. - http://www.nafta-sec-alena.org/DefaultSite/index_e.aspx