Which of the following is a component of the North American Free Trade Agreement?
A)Abolition by 2004 of tariffs on 100 percent of the goods traded between Mexico,Canada,and the United States.
B)Removal of restrictions on foreign direct investment between the three member countries with no exceptions.
C)Reduction of national environmental standards to bring in foreign direct investment.
D)Removal of most barriers on the cross-border flow of services.

Question

Quizplus · Accepted Answer

The contents of NAFTA include the following: (1)Abolition by 2004 of tariffs on 99 percent of the goods traded.(2)Removal of most barriers on the cross-border flow of services.(3)Protection of intellectual property rights.(4)Removal of most restrictions on foreign direct investment,although special treatment (protection)will be given to certain industries.(5)Application of national environmental standards.(6)Establishment of two commissions with the power to impose fines and remove trade privileges when environmental standards or legislation involving health and safety,minimum wages,or child labor are ignored.

Which of the Following Is a Component of the North