The North American Free Trade Agreement (NAFTA) was a trade agreement signed in 1992 between the United States, Canada, and Mexico that aimed to create a trilateral trade bloc in North America. It entered into force on January 1, 1994, and gradually eliminated most tariffs and trade barriers on products and services among the 3 countries. NAFTA was replaced by the U.S.-Mexico-Canada Agreement (USMCA) on July 1, 2020, which updated and modified the terms of trade.