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What is North American Free Trade Agreement?

5. What is North American Free Trade Agreement?

1. A pact eliminating most trade barriers between the U.S., Canada, and Mexico
2. Political and economic union
3. Regional intergovernmental organization
4. A legal agreement between many countries

Answer: A) A pact eliminating most trade barriers between the U.S., Canada, and Mexico

Explanation:

The North American Free Trade Agreement (NAFTA) was a settlement disposing of most exchange obstructions between the U.S., Canada, and Mexico that became real on Jan. 1, 1993. A portion of its arrangements was executed promptly, while others were stumbled over the 15 years that followed.