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Which Agreement was signed by the United States of America, Canada and Mexico for removing the trade barriers?
15. Which Agreement was signed by the United States of America, Canada and Mexico for removing the trade barriers?
- General Agreement on Tariffs and Trade
- North American Free Trade Agreement
- Southeast Asia Treaty Organization
- Central Treaty Organization
Answer: B) North American Free Trade Agreement
Explanation:
The North American Free Trade Agreement (NAFTA) is a peaceful accord endorsed by the legislatures of Canada, Mexico, and the United States, making a three-sided exchange coalition in North America. The arrangement came into power on January 1, 1994. The objective of NAFTA is to kill all levies and non-duty hindrances of exchange and speculation between the United States, Canada and Mexico.