Asked by Maryann Fitzgerald on Jul 17, 2024
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NAFTA establishes a free trade area between the United States, Mexico, and Canada.
NAFTA
North American Free Trade Agreement; a treaty among the United States, Canada, and Mexico that eliminated most tariffs and trade barriers.
Free Trade Area
A region where a group of countries has agreed to reduce or eliminate trade barriers among themselves, such as tariffs and import quotas.
United States, Mexico, Canada
Refers to the countries involved in the USMCA trade agreement, which is designed to promote trade, strengthen economic relations, and support mutual economic growth.
- Detect the existence and functions of regional trade alliances around the world.
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Learning Objectives
- Detect the existence and functions of regional trade alliances around the world.
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