Answer:
The expansion of trade and market access. NAFTA, which created a free trade zone between the United States, Canada, and Mexico.
This agreement eliminated many barriers to trade, such as tariffs and quotas, allowing businesses in the United States to export goods and services to Canada and Mexico. It also opened up new markets for American companies, allowing them to increase their exports and reach a larger customer base.
As a result of NAFTA, the United States trade with Canada and Mexico flourished. The agreement strengthened economic ties between the three countries and facilitated the integration of supply chains across North America. The automotive, agriculture, and manufacturing, industries benefited from increased trade and investment under NAFTA.
Furthermore, NAFTA also fostered foreign direct investment (FDI) in the United States. The agreement provided a predictable and stable business environment, attracting investment from Canadian and Mexican companies. This influx of FDI contributed to job creation, economic growth, and technological advancements in various sectors of the U.S. economy.
Step-by-step explanation: