What is the current trade deal between canada, us, and mexico?

Geography

1 answer:

Mandarinka [93]3 years ago

7 0

Answer:

The current trade deal between Canada, the US, and Mexico is USMCA.

Explanation:

The United States, Canada, and Mexico are the three countries that comprise North America. They are all large countries with strong economies, and even though Mexico is still a developing country its economy is very strong. In order to make things easier for each other, everyone to have a benefit, and make the region a global economic player as a unit, a trade deal was concluded a few decades ago, NAFTA.

While NAFTA was in place for several decades, the current administrations of the countries decided to review it and improve so that all member countries can have an even greater benefit. The new and improved deal set in place is USMCA. Like NAFTA, USMCA is a free trade agreement, but it has been made in a manner that economic freedom is even greater between the countries, while also making the region a type of economic union to counter and prevent the Chinese growing influence.

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