On This Day: North American Free Trade Agreement (NAFTA)

On December 17, 1992, President George H. W. Bush, along with leaders from Canada and Mexico agreed to the North American Free Trade Agreement. The following year, President Bill Clinton and Congress passed the North American Free Trade Agreement Implementation Act making the agreement official. The agreement created a free trade zone between the three countries. NAFTA has had a major impact on the three countries but the benefits of NAFTA have been heavily debated since its inception.