Question

What benefits do Mexico, Canada, and the United States gain by maintaining a trade agreement among the three nations

Answer 1

Answer:

Quadrupled Trade

Lowered Prices

Increased Economic Growth

Created Jobs

Increased Foreign Direct Investment

Reduced Government Spending

Explanation:

Between the United States, Canada, and Mexico, NAFTA covered the largest area under a free trade agreement. One of the positive effects of NAFTA was increased trade, economic output, foreign investment, and better consumer prices. NAFTA went into effect under the Clinton administration in 1994. The purpose of the deal was to boost trade within North America between Canada, the United States, and Mexico. It also aimed to get rid of trade barriers between the three parties, as well as most taxes and tariffs on goods imported and exported by each.Canada has seen the strongest gains among the three NAFTA countries, though, again, it is difficult to attribute direct causation, particularly given that Canada and the United States had a free-trade deal that predated NAFTA.