Answer:
C) the North American Free Trade Agreement.
Explanation:
The North American Free Trade Agreement (NAFTA) is a free trade zone between Canada, the United States and Mexico. The Treaty allows reducing costs to promote the exchange of goods between the three countries. This agreement is an extension of the old Free Trade Agreement of Canada and the United States that was signed on October 4, 1988 for the formalization of the commercial relationship between the two countries. In 1990, the bloc entered into negotiations to be replaced by a treaty that included Mexico.
On June 10, 1990, Canada, the United States and Mexico agreed to establish a free trade agreement. On February 5, 1991, the NAFTA negotiations began, and the Trade Agreement was signed by US President George HW Bush. December 8, 1992, by Canadian Prime Minister Brian Mulroney, on December 11, 1992 and by Mexican President Carlos Salinas de Gortari, on December 14, 1992. Likewise, the three countries signed it on December 17, 1992 and it became effective as of January 1, 1994, when the ratification procedure was complied with by the legislative branch of each country that signed it.
Some argue that this treaty for regional trade in North America benefited the Mexican economy and helped face the competition posed by Japan and the European Union. However, others argue that Canada and Mexico became "colonies" of the US, and that, as a consequence of NAFTA, poverty increased in Mexico and aggravated unemployment in the US. Making the dollar the only currency in commercial transactions between the NAFTA partners implied serious resistance on the part of Mexican society and even by certain sectors of the government where there was fear of the loss of Mexican national identity. Until 2009, the integration process was completed. Although Mexico is more linked to the United States than to Canada.
