Question

What purpose did NAFTA serve?
It was an agreement between European powers and North American powers for fair trade.
It was a free trade agreement between the United States and its nelghbors.
It was the promise of low tariffs for Incoming Imports from Asla.
It was a peace agreement between Iraq, Iran and the United States.

Answer 1

Purpose of NAFTA is it was a free trade agreement between the United States and its neighbors.

Answer: Option B

Explanation:

NAFTA stands for North American free trade association and it is an agreement between the United States of America, and it's neighbors which were Canada and Mexico. The agreement was signed between these three countries so that the trade between these three countries could be improved by reducing tariffs.

Other restrictions and barriers which reduces the trade in these north American countries so that they become competitive and the business entrepreneurs, companies and industries could invest more and lead to the growth of the countries.