Explain the United States' integration into regional unions.

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Expert Solution

The USA has entered into the regional union with the country Canada and Mexico to form North Atlantic Free Trade Agreement, named as NAFTA. It has formed a free trade agreement among these three countries where the trade barriers have been eliminated and these nations has used each other’s market for growth & development. For example, Mexico has exported agricultural products to the USA and Canada, whereas the USA and Canada has exported processed goods to the country of Mexico. There are a huge number of Mexican workers, working in other two countries. Though it has caused some harm to the US labor force also in the short run in agriculture and manufacturing sectors.
Another regional integration is Trans-Tasman partnership among more than 10 countries including the USA. Though, this regional trade agreement is not yet ratified and the USA under the Trump administration has vowed not to go for it. So, this regional integration. Besides, there is the bilateral integration of the USA with countries like China, India and other nations in the world.

Rahul Sunny answered 1 year ago

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