d. fewer competitors in the global economy.
The North American Trade Agreement (NAFTA) is a trade treaty endorsed by Mexico, Canada, and the United States. It strives to decrease trade restrictions between these countries, such as decreasing taxes and reducing the difficulty in obtaining goods through customs
The EU maintains trade relationships with the countries in the form of trade alliances. They are intended to perform better-dealing opportunities and also tends to succeed the trade restrictions among countries.
Both the trade agreements helps in reducing and eliminating taxes and allowances, and also address behind-the-border restrictions which prevent the flow of goods and services among countries, promote investment, improve cooperation and government acquisition.
