What is the difference between NAFTA and TPP?

NAFTA and TPP are the most debated free trade multilateral agreement in the world.
NAFTA stands for the North American free-trade agreement, which entered into force on January 1, 1944. One of the major reasons why it was created was to promote free trade between the United States, Mexico, and Canada, it was also known that Mexico was the last to enter the agreement.

The North American free-trade agreement was championed by former U.S president Bill Clinton
TPP stands for trans pacific partnership. TPP has never come into effect it was withdrawn from the agreement before it was implemented. It was a trade agreement between Australia, Brunei, Chile, Canada, Japan, Peru, Singapore, Vietnam, New Zealand, and Malaysia.

Under the administration of Obama, the United States signed TPP, the original TPP never went into effect as President Donald Trump signed a memorandum to withdraw the United State from the agreement.

NAFTA or North America Free Trade Agreement and TPP or Trans-Pacific Partnership are two types of treaties created to improve the economic collaboration of some countries and also to eliminate some of the tariffs and barriers usually encountered when these countries are trading with one another. NAFTA was formed in 1994 by three countries i.e., the United States, Canada, and Mexico.

One of the major objectives of this agreement is to increase and enhance free trade among the three countries. On the other hand, the objectives of TPP are also similar to that of NAFTA just that TPP was formed by different countries entirely. Although the United States was part of the negotiations leading to its creation, however, the country is no longer a member.

This agreement was intended to promote free trade between the United States and some countries like Malaysia, Mexico, Australia, Canada, Singapore, New Zealand, Brunei, Vietnam, Chile, Japan, and Peru. However, due to the exit of the United States from the agreement, TPP was later changed to a Comprehensive and Progressive Agreement for Trans-Pacific Partnership.