CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Mexico and which country has agreed to speed up negotiations on bilateral free trade agreement facing US President threat to leave North American Free Trade Agreement (NAFTA).
A
Libya
B
Iraq
C
Afghanistan
D
Turkey
Explanation: 

Detailed explanation-1: -Mexico has 13 Free Trade Agreements (FTAs) with 50 countries-including USMCA and FTAs with the European Union, European Free Trade Area, Japan, Israel, 10 countries in Latin America, and the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

Detailed explanation-2: -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-3: -NAFTA was negotiated by the administrations of U.S. Pres. George H.W. Bush, Canadian Prime Minister Brian Mulroney, and Mexican Pres. Carlos Salinas de Gortari.

Detailed explanation-4: -The United States-Mexico-Canada Agreement (USMCA) entered into force on July 1, 2020. The USMCA, which substituted the North America Free Trade Agreement (NAFTA) is a mutually beneficial win for North American workers, farmers, ranchers, and businesses.

There is 1 question to complete.