Question

Which countries are members of NAFTA?

1) Brazil
2) Canada
3) Mexico
4) Peru
5) The United Kingdom
6) The United States

Answer 1

NAFTA members include Canada, Mexico, and the United States. Chile, while closely aligned with NAFTA principles through bilateral agreements, is not a member. The agreement, effective since 1994, aims to diminish trade barriers among its members.

Step-by-step explanation:

The countries that are members of the North American Free Trade Agreement (NAFTA) are:

1. Canada
2. Mexico
3. United States

NAFTA is a trade agreement established in 1994 between these three countries, aiming to reduce trade barriers such as tariffs and to increase economic cooperation. The agreement has had significant impacts on trade and investment flows within North America, enabling the formation of a large trading bloc.

Chile was at one time considered for membership but despite entering free trade agreements with Canada and Mexico independently, it was never formally accepted as a NAFTA member due to US congressional differences.