ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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WTO
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NAFTA
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Tariff
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Licensing
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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: -As of January 1, 2008, all tariffs and quotas were eliminated on U.S. exports to Mexico and Canada under the North American Free Trade Agreement (NAFTA). Mexico is the United States’ third largest trading partner and second largest export market for U.S. products.
Detailed explanation-3: -Read a brief summary of this topic. North American Free Trade Agreement (NAFTA), controversial trade pact signed in 1992 that gradually eliminated most tariffs and other trade barriers on products and services passing between the United States, Canada, and Mexico.