The article discusses the potential formation of a North American Free Trade Agreement (NAFTA) involving Canada, Mexico, and the United States. It explores the idea of creating a common market in North America and examines the challenges that may arise in achieving this goal. The researchers analyze the economic changes that have occurred since the Canada-U.S. Free Trade Agreement was signed in 1989 and the interest Mexico has shown in joining the negotiations. The article suggests that NAFTA could lead to a new economic alliance in North America, amidst global economic shifts and the collapse of communism in Eastern Europe.