What is Trade Act/NAFTA?
The Trade Act was signed into law in 1974. Trade Act provided Trade Adjustment Assistance (TAA) to individuals who are affected as a result of competition from increased imports from outside the United States. The North American Free Trade Agreement (NAFTA) was signed into law in 1993. This program provided NAFTA Transitional Adjustment Assistance (NTAA) to those that were affected by competition from increased imports or a shift in production to Canada or Mexico. NAFTA was consolidated with TAA in 2002 (see below) and no longer exists as a separate program (except for workers previously certified for NAFTA). TAA and NTAA were consolidated when the Trade Adjustment Assistance Reform Act of 2002 was signed into law on August 6, 2002. The new law provides benefits and services to workers affected by increased imports or shifts in production outside the United States.
The Trade Act was signed into law in 1974. Trade Act provided Trade Adjustment Assistance (TAA) to individuals who are affected as a result of competition from increased imports from outside the United States. The North American Free Trade Agreement (NAFTA) was signed into law in 1993. This program provided NAFTA Transitional Adjustment Assistance (NTAA) to those that were affected by competition from increased imports or a shift in production to Canada or Mexico. NAFTA was consolidated with TAA in 2002 (see below) and no longer exists as a separate program (except for workers previously certified for NAFTA). TAA and NTAA were consolidated when the Trade Adjustment Assistance Reform Act of 2002 was signed into law on August 6, 2002. The new law provides benefits and services to workers affected by increased imports or shifts in production outside the United States. It added some benefits that were not previously available but also changed many of the deadlines and rules for eligibility
