Home » Supply Chain and Operations Management Glossary (N)

NAFTA (North American Free Trade Agreement): An agreement among Canada, the U.S., and Mexico, taking effect 1 January 1994, to gradually eliminate all tariffs among the three countries over a 15 year period. It is expected that truck carriers from any one of the nations will be able to transport goods between any origin-destination in the three countries. It also sets standards for each country on related issues such as pollution, and tariffs with nonmember countries. See: http://www.nafta-sec-alena.org. NAPM (National Association of Purchasing Management): An association dedicated to the education and advancement of purchasing and supply management professionals, see http://www.napm.org. Effective 1…