Question

Select the correct answer.
What is the purpose of the North American Free Trade Agreement (NAFTA)?
OA.
to eliminate barriers to trade between the United States, Mexico, and Canada
OB.
to boost trade between the United States, China, and Germany
O C.
to raise tariffs on exports between the United States, Mexico, and China
OD
to create barriers between the United States, France, and the United Kingdom

Answer 1

Answer:

to eliminate barriers to trade between the United States, Mexico, and Canada

Explanation:

Answer 2

The purpose of the North American Free Trade Agreement (NAFTA) is to eliminate barriers to trade between the United States, Mexico, and Canada. NAFTA was ultimately a free trade agreement between the 3 largest countries of North America. Therefore, A is the correct option.

What is a free trade agreement?

A free trade agreement is a contract or understanding between countries to permit and reduce financial barriers between the import and export trade. Financial barriers such as import or export duties, tariffs, and so on. The main purpose of the free trade agreement is to increase the trade between the countries and ultimately to the financial prosperity of the traders of the countries.

The free trade agreement is done and approved according to international standards. The concept of free trade agreement contradicts the concept of protectionism and financial isolation.

Thus, The purpose of the North American Free Trade Agreement (NAFTA) is to eliminate barriers to trade between the United States, Mexico, and Canada. Therefore, A is the correct option.

To know more about the free trade agreement, visit the link below:

https://brainly.com/question/8086833

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