SSC MTS EXAM

SSC

WORLD GEOGRAPHY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A trade agreement that phases out trade barriers between Canada, Mexico, and the United States (formally called NAFTA)
A
NAFTA
B
USMCA
C
Mercosur
D
European Union
Explanation: 

Detailed explanation-1: -Free trade areas are formed by groups of countries that sign agreements to facilitate trade and reduce trade barriers. The United States-Mexico-Canada Agreement (USMCA) is a trade deal that replaced the North American Free Trade Agreement (NAFTA).

Detailed explanation-2: -The USMCA facilitates the participation of U.S. and Mexican SMEs in government procurement by providing notices of intended procurement in a single electronic portal, and encouraging the conduct of procurement by electronic means, thus increasing transparency and efficiency for small and medium-sized businesses.

There is 1 question to complete.