SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The major reason the Mexican Government strongly supported the North American Free Trade Agreement (NAFTA) was that this agreement would?
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raise tariffs on United States products entering Mexico
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reduce Mexico’s economic dependence on Europe
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promote investment and economic growth in Mexico
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stimulate trade between Asia and Latin America
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Explanation:
Detailed explanation-1: -Mexico’s intention in entering NAFTA was to increase export diversification by attracting FDI, which would help create jobs, increase wage rates, and reduce poverty. At the time NAFTA went into effect, many studies predicted that the agreement would cause an overall positive impact on the Mexican economy.
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.
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