What resulted from the North American Free Trade Agreement (NAFTA)?

Geography

2 answers:

san4es73 [151]3 years ago

8 0

The United States and Canada shifted towards free trade with Mexico.

yKpoI14uk [10]3 years ago

7 0

<u>Answer:</u>

One of the major positive results of the North American Free Trade Agreement includes the creation of a major trade bloc that helped the region prosper and develop better relations.

Its negative results consist of the growth in trade deficit in the United States and significant job losses in the manufacturing sector.

<u>Explanation:</u>

The North American Free Trade Agreement that was enacted in 1992 helped the region prosper.

For example, the export business in Mexico that fetched only around 60 billion dollars annually until 1992, reached 400 billion dollars by 2003.

But, after the passage of this agreement, cheaper labor from Mexico became widely available as a result of which, many employees in the US and Canada had to lose their jobs.

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