GK
INTERNATIONAL ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the main purpose of NAFTA?
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Create free trade between United States, Canada, and the UK
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Create free trade between United States, Canada, and Mexico
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Create free trade between United States, Mexico and South America
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Create free trade between United States and the European Union
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Explanation:
Detailed explanation-1: -The agreement came into force on January 1, 1994. The goal of NAFTA is to eliminate all tariff and non-tariff barriers of trade and investment between the United States, Canada and Mexico.
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: -NAFTA, or North American Free Trade Agreement, went into effect in 1994, removing many tariffs and other barriers to trade between the U.S., Mexico and Canada. Since then, trade between the three countries increased several times over.
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