International trade reply 3
The North American Free Trade Agreement (NAFTA) is an economic powerhouse and is considered the largest free trade of roughly 450 million people. It has roughly $23.46 trillion in gross domestic product and this agreement is linked between the United States, Mexico, and Canada. The NAFTA’s trade area produces more than 28 countries in the European Union. A few of the advantages for this type of production sharing includes an increase in exports and eliminating tariffs between the US, Canada, and Mexico. The prices of the exports are lower, it increases economic growth, creates more jobs, an in crease in foreign direct investment, and reduced government spending.
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