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lesantik [10]
3 years ago
6

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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