All three NAFTA countries will convert to the NAICS over the next few years.

Question

Quizplus · Accepted Answer

This statement is true. NAFTA countries (Canada, United States, and Mexico) have already transitioned from the Standard Industrial Classification (SIC) system to the North American Industry Classification System (NAICS) system for economic statistics purposes. The transition was completed by 2004, but there may be ongoing updates and revisions to the NAICS system in the future.

All Three NAFTA Countries Will Convert to the NAICS Over