BANKING AFFAIRS

Detailed explanation-1: -The United States-Mexico-Canada Agreement (USMCA) is a trade deal that replaced the North American Free Trade Agreement (NAFTA). Trade liberalization is the removal or reduction of restrictions or barriers, such as tariffs, on the free exchange of goods between nations.

Detailed explanation-2: -The United States commenced bilateral trade negotiations with Canada more than 30 years ago, resulting in the U.S.-Canada Free Trade Agreement, which entered into force on January 1, 1989.

Detailed explanation-3: -The North American Free Trade Agreement (NAFTA /ˈnæftə/; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America.

Detailed explanation-4: -The U.S. has 14 FTAs with 20 countries which comprise about 40 percent of U.S. goods’ exports. Check out the listing below to learn more about each FTA country and the potential benefits to your bottom line. Find additional resources (including FTA Texts) and Tools to Navigate FTAs by visiting the FTA Help Center.