Canada, the United States, and Mexico are affiliated economically under which trade alliance?
Question:
Canada, the United States, and Mexico are affiliated economically under which trade alliance?
A) ASEAN
B) Mercosur
C) EU
D) NAFTA
E) CAFTA
Trade Alliances
Trade alliances are agreements between two or more countries to facilitate the movement of goods and services among them. For each participating country, the major benefits of such alliances include more diversified product offerings, more job opportunities, and lower prices.
Answer and Explanation:
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View this answerThe trade alliance among Canada, the United States, and Mexico is the North American Free Trade Agreement (NAFTA), which went into effect in 1994.
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Cooperation Among States: Political, Military & Economic Alliances
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Chapter 11 / Lesson 6
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Cooperation among states is formed as governments of different nations agree to work together towards a common goal. Learn more about cooperation among states in terms of political, military, and economic factions, as well as NAFTA and the European Union.
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