NAFTA:

Question

NAFTA:

Quizplus · Accepted Answer

NAFTA stands for the North American Free Trade Agreement and it aims to create a trilateral trade bloc between the United States, Canada, and Mexico. One of the main objectives of NAFTA is to lower tariffs, which is a tax on goods that are imported or exported. Additionally, NAFTA seeks to liberalize trade in goods and services, meaning that it reduces barriers to trade such as quotas and regulations. Finally, NAFTA addresses a variety of regional issues that are of importance to the three countries, such as intellectual property rights, labor standards, and environmental protection. Therefore, all of the choices (A, B, C, and D) are correct and the best answer is E.