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Free trade market is an economic system where people are allowed to willingly exchange goods, services and money without obstacles. One of the examples of the free market could be a situation where a person can freely trade their money, manpower or any other personal possession for anything that is going to bring benefit for both parties.
What is the North American Free Trade Agreement? In January 1994, the United States, Mexico and Canada entered into the North American Free Trade Agreement (NAFTA), creating the largest free trade area and richest market in the world. The NAFTA is the most comprehensive regional trade agreement ever negotiated by the United States and is scheduled to be fully implemented by the year 2008. In 1996, U.S. two-way trade in goods under the NAFTA with Canada and Mexico stood at $420 billion--a 44 % increase since the NAFTA was signed.