Question

As a result of the North American Free Trade Agreement (NAFTA), Canada now belongs to the world’s _____.

Answer 1

The world's largest trading block.

Answer 2

Correct Answer: Worlds largest Free Trade agreement

Step-by-step explanation:

NAFTA is a free trade agreement made for North American countries in 1988, at the beginning it was a bilateral free trade agreement between Canada and USA, but shortly Mexico was added to the agreement and making it a Multilateral agreement. Because of the extent of its countries, the NAFTA is known as the Worlds Largest free trade agreement.

Some of the goals of the agreements are:

- Removing trade barriers

- Easier entries for business persons between countries.

- Nafta removes the need for a Labour Market Impact Assessment.