Asked by SiYata Hackett on May 09, 2024
Verified
NAFTA is a trade agreement that covers trade between the United States and the European Union.
NAFTA
The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers among the three countries.
Trade Agreement
A formal accord between two or more nations that determines the rules of trade, including tariffs and duties, between them.
- Grasp the significance of trade agreements and their impact on international trade relations.
Verified Answer
DC
Delaney Clare BarcelliMay 14, 2024
Final Answer :
False
Explanation :
NAFTA (North American Free Trade Agreement) is a trade agreement between the United States, Canada, and Mexico. It does not cover trade between the United States and the European Union.
Learning Objectives
- Grasp the significance of trade agreements and their impact on international trade relations.
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