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what is a true statement about the North American Free Trade Agreement. (NAFTA)

NAFTA was signed into law by the governments of Canada, Mexico, and the United States on January 1, 1994, and eliminated most tariffs on products traded between the three countries.

Did you know?

Did you know that the North American Free Trade Agreement (NAFTA) is a true testament to international collaboration? Established in 1994 between Canada, Mexico, and the United States, NAFTA created the largest trade bloc in the world at that time. This agreement aimed to eliminate barriers to trade and investment between the three countries, leading to increased economic opportunities and growth. By removing tariffs on many goods and services, NAFTA helped stimulate cross-border trade and fostered integrated supply chains across North America. Today, NAFTA has evolved into the United States-Mexico-Canada Agreement (USMCA), further strengthening economic cooperation and benefiting millions of individuals and businesses in the region.