USA HISTORY

THE RISE OF POLITICAL CONSERVATISM 1980 1992

PRESIDENT GEORGE HW BUSH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
NAFTA is an agreement between all of the following countries EXCEPT
A
United States
B
Mexico
C
Great Britain
D
Canada
Explanation: 

Detailed explanation-1: -The correct answer is Great Britain. The North American Free Trade Agreement (NAFTA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America on January 1, 1994. With the coming into force of the NAFTA, the world’s largest free trade area was formed.

Detailed explanation-2: -The correct answer is A) China. The North American Free Trade Agreement, also referred to as NAFTA, came into force in 1994 and its main goal was to promote, create and facilitate the foreign trade between Mexico, Canada, and the United States. Therefore, China was not included in it.

Detailed explanation-3: -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.

Detailed explanation-4: -NAFTA was a landmark trade deal between Canada, Mexico, and the United States that took effect in 1994. It contributed to an explosion of trade between the three countries and the integration of their economies, but was criticized in the United States for contributing to job losses and outsourcing.

There is 1 question to complete.