North Atlantic Free Trade Area
North Atlantic Free Trade Area: a proposal for a free-trade area between the United States and the European Economic Community which appeared sporadically in the 1960s. Irreconcilable differences concerning agricultural trade, the friction it was meant to resolve above all else, meant that it did not reach the negotiating table. See also TAFTA. North East Asia Free-Trade Area: NEAFTA. Proposed in 1999 by Prime Minister Obuchi of Japan as a long-term project for closer regional
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
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Author of the text: W. Goode
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