Canada-United States Free Trade Agreement (CUSFTA)

The Canada-United States Free Trade Agreement (CUSFTA), signed in 1988, was a pact that reduced tariffs and trade barriers between Canada and the U.S., making it easier and cheaper for businesses to buy and sell goods across their borders. It aimed to boost economic growth, increase trade, and create jobs by encouraging competition and cooperation. The agreement covered various industries and set rules to ensure fair trade. In 1994, it was replaced by the North American Free Trade Agreement (NAFTA), which included Mexico. Overall, CUSFTA helped deepen economic ties and promote cross-border commerce.