Question

Scenario: Learning the Americas' Way The newly-formed countries that emerged after the break-up of the United Frontier States (UFS) are interested in learning more about integration in the Americas. Because the former UFS nations have many similarities with the countries of North and South America, they believe they can learn from the integration experience in the Americas. To that end, they pose the following questions. The regional trade agreement between Canada, Mexico, and the United States to eliminate tariffs and non-tariff barriers between themselves is known as the ________.

Answer 1

Answer:

North American Free Trade Agreement.

Explanation:

The regional trade agreement between Canada, Mexico, and the United States to eliminate tariffs and non-tariff barriers between themselves is known as the North American Free Trade Agreement. The North American Free Trade Agreement (NAFTA) has been signed as an agreement between Mexico, Canada and the US in January, 1994. This agreement basically superseded the Canada-United States Free Trade Agreement which was an agreement between Canada and the US. This agreement is recognized as one of the largest blocs in term of its GDP. The main goal and agenda of the North American Free Trade Agreement (NAFTA) was to eradicate the trade and investment blockage between these three countries in order to generate more freely processing of the trade activities in these three countries.