(A) ** North America
(B) South America
(C) Europe
(D) Africa
EXPLANATIONS BELOW
Concept note-1: -The Clinton administration, which signed NAFTA into law in 1993, believed it would create 200, 000 U.S. jobs within two years and 1 million within five years because exports play a major role in U.S. economic growth.
Concept note-2: -North American Free Trade Agreement (NAFTA) established a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations.
Concept note-3: -He criticized the role of Rahm Emanuel in particular for the deficiencies. The U.S. required its partners to adhere to environmental practices and regulations similar to its own. Clinton signed it into law on December 8, 1993; the agreement went into effect on January 1, 1994.
Concept note-4: -Some of the positive effects of NAFTA were increased trade, economic output, foreign investment, and better consumer prices. U.S. jobs were lost when domestic manufacturers relocated to lower-waged Mexico, which also suppressed wages in U.S. manufacturing plants.