Hong Kong, (China) Map for D. CITY COLLEGE OF NEW YORK 580 Munich Re NAFTA THE NORTH AMERICAN Free Trade Agreement (NAFTA) is a treaty between the UNITED STATES, MEXICO, and CANADA to facilitate commerce between the partner countries by eliminating or reducing tariffs and other non-tariff barriers to trade and investment. The treaty is seen as the nucleus from which to build hemispheric free trade in a Free Trade Area of the Americas (FTAA). Together with the EUROPEAN UNION (EU), it is the most prominent example of the regionalization of international trade, which is often seen as being at odds with global liberalization under the auspices of the WORLD TRADE ORGANIZATION (WTO). History. NAFTA was signed by the governments”and subsequently ratified by the legislatures”of the United States, Mexico and Canada on December 17, 1992. It was preceded by a free trade agreement of 1989 between Canada and the United States. Hong Kong, (China) Map 2016.