ENTREPRENEURSHIP

Detailed explanation-1: -The North American Free Trade Agreement (NAFTA) was implemented in 1994 to encourage trade between the U.S., Mexico, and Canada .

Detailed explanation-2: -The North American Free Trade Agreement (NAFTA), which was enacted in 1994 and created a free trade zone for Mexico, Canada, and the United States, is the most important feature in the U.S.-Mexico bilateral commercial relationship.

Detailed explanation-3: -North American Free Trade Agreement (NAFTA) established a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations.

Detailed explanation-4: -NAFTA is the renowned agreement that has been established among three countries. These countries are covered under NAFTA memberships and are Canada, Mexico, and the United States. This NAFTA agreement generally fosters restriction-free trading among these three countries.

Detailed explanation-5: -The main downside of NAFTA was the loss of United States manufacturing jobs. Many jobs shifted from the United States to Mexico, as higher-paying factory jobs moved to more cost-effective regions. This was especially true in lower-skilled industries such as the automotive or textile industries.