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A free trade agreement such as The North American Free Trade Agreement (NAFTA) among Canada, Mexico, and the United States is likely to result in ___.

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Anne Gillian Duero
Anne Gillian DueroLv10
15 Oct 2020
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Related questions

Tequila is produced in Mexico and Bourbon is produced in Kentucky. If NAFTA, the North American Free Trade Agreement, is taken away there will be barriers to trade between Mexico and Kentucky. What is likely to happen in this situation?

The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico whose purpose is to eliminate tariffs between the countries and promote all aspects of international trade.

There are many arguments for and against the treaty. One of the arguments against centers on the fact that Mexican industries do not have to meet the same environmental regulations as industries in the United States and Canada. The U.S. and Canada have intervened in the marketplace and tried to internalize some of the costs of pollution by placing regulations on the amount of pollutants that industries can emit.

Opponents of NAFTA point out that pollution is largely a free good in Mexico, and that being free to pollute gives industries in Mexico an economic advantage over those in the U.S. and Canada. Is there anything in what we have studied, particularly in Chapter 14, that can point us towards an equitable solution to this problem while still protecting the environment we all share? What is that solution?

15. The European Union, the North American Free Trade Agreement (NAFTA) are examples of:

a. global trading agreements

b. regional trading agreements

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