NAFTA Vocabulary

Free Trade

• buying, selling, or exchanging goods or services between people or countries without tariffs.

• a good or service bought from another country

• a good or service sold to another country

• A tax on imported goods

Import

• buying, selling, or exchanging goods or services between people or countries without tariffs.

• a good or service bought from another country

• a good or service sold to another country

• A tax on imported goods

Export

• buying, selling, or exchanging goods or services between people or countries without tariffs.

• a good or service bought from another country

• a good or service sold to another country

• A tax on imported goods

Tariff

• buying, selling, or exchanging goods or services between people or countries without tariffs.

• a good or service bought from another country

• a good or service sold to another country

• A tax on imported goods

Labor

• to work

• farming

• business or factories that create one type of good

• Clothing or Fabric

Textile

• to work

• farming

• business or factories that create one type of good

• Clothing or Fabric

Agriculture

• to work

• farming

• business or factories that create one type of good

• Clothing or Fabric

Industry

• to work

• farming

• business or factories that create one type of good

• Clothing or Fabric