In 1993, the United States, Canada, and Mexico agreed to the North American Free Trade Agreement (called NAFTA), in order to make trade easier among the three countries.

WORLD ORGANISATIONS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In 1993, the United States, Canada, and Mexico agreed to the North American Free Trade Agreement (called “NAFTA”), in order to make trade easier among the three countries.

A	Treaty/Diplomacy
B	Military
C	Foreign Aid
D	None of the above

Explanation:

Detailed explanation-1: -Among its three member nations, NAFTA eliminated tariffs and other trade barriers to agricultural and manufactured goods, along with services. It also removed investment restrictions and protected intellectual property rights.

Detailed explanation-2: -The U.S. – Mexico – Canada Agreement (USMCA) is a trade agreement between the named parties that entered into force on July 1, 2020. To help coordinate the implementation of the USMCA, and provide comprehensive guidance to stakeholders, CBP stood up the USMCA Center in March 2020.

Detailed explanation-3: -As of January 1, 2008, all tariffs and quotas were eliminated on U.S. exports to Mexico and Canada under the North American Free Trade Agreement (NAFTA). Mexico is the United States’ third largest trading partner and second largest export market for U.S. products.

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GENERAL KNOWLEDGE

GK

WORLD ORGANISATIONS