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In: Economics

The United States has entered into trade agreements with other countries in order to set rules...

The United States has entered into trade agreements with other countries in order to set rules and expectations to increase trade and commerce. Research either NAFTA or the TPP. How the deal you chose impact or will impact foreign trade. What were the benefits and any negative consequences from entering these types of trade agreements?

Define what the most important objectives should be in your opinion (please provide citation used)

Solutions

Expert Solution

TOPIC SELECED: NAFTA

In my opinion the most important objective of NAFTA is to eliminate trade barriers and facilitate the cross-border movement of goods and services to lay the strong foundation for economic growth of the countries. Thus fair competition is created in the free trade area and trade across the region have been empowered to produce high quality products.

 

Ref: http: //www.sice. oas.org/trade/nafta/chap-01.asp

https: //www.thebalance.com/ nafta-pros-and-cons-3970481

https: //www.thebalance.com/history-of-nafta-3306272


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