This agreement was signed by President Reagan and Prime Minister Mulroney on January 2, 1988 and, after implementing legislation was enacted in the United States and Canada, the Agreement entered into force on January 1, 1989. Its main purpose is to eliminate all tariffs on trade between the U.S. and Canada by January 1, 1998. The FTA was superseded by NAFTA (see above) on Jan. 1, 1994.