On January 1, 2004, the North American Free Trade
Agreement (NAFTA) completed its tenth year and most of its provisions are now implemented. Its
anniversary sparked numerous evaluations, which are particularly relevant as the United States
pursues free trade agreements with multiple Latin American countries. Most studies found NAFTA's
effects on the U.S. and Mexican economies to be modest at most. This report provides an analytical
summary of the economic lessons reached in support of Congress's role in the trade policy process.
It will not be updated.