GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A trade agreement that phases out trade barriers between Canada, Mexico, and the United States (formally called NAFTA)
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NAFTA
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USMCA
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Mercosur
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European Union
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Explanation:
Detailed explanation-1: -What Was the North American Free Trade Agreement (NAFTA)? The North American Free Trade Agreement (NAFTA) was implemented to promote trade between the U.S., Canada, and Mexico. The agreement, which eliminated most tariffs on trade between the three countries, went into effect on Jan. 1, 1994.
Detailed explanation-2: -The new United States-Mexico-Canada Agreement (USMCA) will support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America.
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