Question

The 1994 North American Free Trade Agreement was established between the U.S., Canada, and Mexico. What was the purpose of this agreement?

1) To promote free trade and economic cooperation between the three countries
2) To establish tariffs and trade barriers between the three countries
3) To limit immigration and movement of people between the three countries
4) To create a common currency for the three countries

Answer 1

The purpose of the 1994 North American Free Trade Agreement (NAFTA) was to promote free trade and economic cooperation between the United States, Canada, and Mexico.

Step-by-step explanation:

The purpose of the 1994 North American Free Trade Agreement (NAFTA) was 1) to promote free trade and economic cooperation between the United States, Canada, and Mexico. NAFTA aimed to reduce trade barriers such as tariffs, taxes, and quotas, allowing goods to flow freely among the three countries. By eliminating or reducing these barriers, the agreement aimed to create a larger trading bloc to compete internationally.