Question

What did george w. bush pass in 1994 which eliminated a large amount of tariffs and opened up trade relations between the u.s., canada, and mexico? nafta nato united nations nata

Answer 1

I believe it was the NAFTA or North American Free Trade Agreement.

Answer 2

The correct answer is NAFTA.

The North American Free Trade Agreement was an agreement signed by Canada, Mexico and the United States on January 1, 1994. This agreement created the trilateral trade block in North America.

NAFTA was signed by the outgoing President George H.W. Bush, the Mexican President Salinas and the Canadian Prime Minister Brian Mulroney.

NAFTA was a liberalized trade agreement to regulate tariffs on import and export between the countries. It eliminated barriers to trade and facilitated the cross-border movement of goods and services, it also promoted conditions of fair competition.