While NAFTA has eliminated or reduced most of the duties, tariffs, quotas, and other trade barriers among Mexico, the United States, and Canada, it also includes special protection for favored industries. As such, many economists assert that NAFTA is ________.

Question

Quizplus · Accepted Answer

NAFTA, while reducing many trade barriers, includes protections for certain industries, making it a managed trade agreement rather than a pure free trade pact.

While NAFTA Has Eliminated or Reduced Most of the Duties