Write a brief note on NAFTA.
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ANSWER :
The North American Free Trade Agreement is a treaty between Canada, Mexico, and the United States. That makes NAFTA the world’s largest free trade agreement.1 The gross domestic product of its three members is more than $20 trillion.2. NAFTA is the first time two developed nations signed a trade agreement with an emerging market country.
Through NAFTA, the three signatories agree to remove trade barriers between them. By eliminating tariffs, NAFTA increases investment opportunities. The NAFTA agreement is 2,000 pages, with eight sections and 22 chapters.
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Answer:
North American Free Trade Agreement
Description
DescriptionThe North American Free Trade Agreement was an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America. The agreement came into force on January 1, 1994, and superseded the 1988 Canada–United States Free Trade Agreement between the United States and Canada.