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What is North American Free Trade Agreement?
5. What is North American Free Trade Agreement?
- A pact eliminating most trade barriers between the U.S., Canada, and Mexico
- Political and economic union
- Regional intergovernmental organization
- A legal agreement between many countries
Answer: A) A pact eliminating most trade barriers between the U.S., Canada, and Mexico
Explanation:
The North American Free Trade Agreement (NAFTA) was a settlement disposing of most exchange obstructions between the U.S., Canada, and Mexico that became real on Jan. 1, 1993. A portion of its arrangements was executed promptly, while others were stumbled over the 15 years that followed.