GK
WORLD GEOGRAPHY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
NAFTA allowed for free trade among which of the following countries/regions?
|
|
North America and South America
|
|
|
Canada, United States, and Mexico
|
|
|
Great Britain, Ireland, and France
|
|
|
The EU and North America
|
Explanation:
Detailed explanation-1: -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-2: -NAFTA is a free trade agreement between the United States, Mexico, and Canada, that came into effect on January 1, 1994.
Detailed explanation-3: -In short, NAFTA created a large free-trade zone reducing or eliminating tariffs on imports and exports between the three participating countries (the U.S, Mexico, and Canada). Overall, there was an increase in trade between the three countries, and real per-capita GDP also increased slightly.
There is 1 question to complete.