Question

1. What is NAFTA and when was it formed?

2. What is the real reasons that NAFTA was formed and tell me 2-3 positives and negatives that are the result of NAFTA?

3. What stage of integration is NAFTA and where do you think it will be by 2025?

4. How is USMCA different from NAFTA?

Answer 1

What is NAFTA and when was it formed?

Answer:-

Nashta is the initialism for the North American free trade agreement,an agreement signed by Canada Mexico and United state that reduced or eliminated trade barriers in North America.negotiations for the trade agreement begin in 1990 under the administration of George bush and where finalized under Bill Clinton's presidency in 1993.

What is the real reasons that NAFTA was formed and tell me 2-3 positives and negatives that are the result of NAFTA?

Answer:-
In 1993 the European union created a single market one territory without any internal borders for other regulatory obstacles to the free movement of goods and services.this allowed every country and business in the European union to have access to more than 500 million consumers. Nafta was approved that same year, was designed to have a similar effect, providing a way to allow the exchange of goods and services to flow more freely across National borders without the artificial restrictions.NAFTA provided for progressive elimination of all tariffs on any goods qualifying as North American.