Question

What was the agreement to reduce trade barriers between Canada, Mexico, and the United States?


NATO


USCMT


The Big Trio of Trade


NAFTA

Answer 1

The agreement to reduce trade barriers between Canada, Mexico, and the United States is known as **NAFTA**, which stands for the North American Free Trade Agreement. NAFTA was enacted in 1994 and aimed to facilitate trade and economic cooperation among the three countries by eliminating tariffs and other trade restrictions. In 2020, NAFTA was replaced by the United States-Mexico-Canada Agreement (USMCA).