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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NAFTA
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EU
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WTO
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International Trade Administration
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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: -Passage of NAFTA resulted in the elimination or reduction of barriers to trade and investment between the U.S., Canada, and Mexico. The effects of the agreement regarding issues such as employment, the environment, and economic growth have been the subject of political disputes.
Detailed explanation-3: -A Canadian-U.S. free-trade agreement was concluded in 1988, and NAFTA basically extended that agreement’s provisions to Mexico.