Answer:
- One of the major positive results of the North American Free Trade Agreement includes the creation of a major trade bloc that helped the region prosper and develop better relations.
- Its negative results consist of the growth in trade deficit in the United States and significant job losses in the manufacturing sector.
Step-by-step explanation:
- The North American Free Trade Agreement that was enacted in 1992 helped the region prosper.
- For example, the export business in Mexico that fetched only around 60 billion dollars annually until 1992, reached 400 billion dollars by 2003.
- But, after the passage of this agreement, cheaper labor from Mexico became widely available as a result of which, many employees in the US and Canada had to lose their jobs.