What was the main purpose of both NAFTA (the North American Free Trade Agreement) and the USMCA (United States-Mexico Canada Agreement) that replaced it?

Question

What was the main purpose of both NAFTA (the North American Free Trade Agreement) and the USMCA (United States-Mexico Canada Agreement) that replaced it?

to settle border disputes among the three countries

to pledge to defend each other

to remove trade barriers among the three countries

to ease border crossings between the countries

Answer 1

The main purpose of both NAFTA and the USMCA (which replaced NAFTA) was to remove trade barriers among the three countries involved (the United States, Mexico, and Canada). These agreements aimed to promote free trade, eliminate tariffs, and create a more open and integrated market among the three nations. The goal was to increase economic cooperation, facilitate the movement of goods and services, and encourage investment and job growth in the region. The agreements also aimed to modernize and update certain aspects of the original NAFTA to address new challenges and provisions.

Answer 2

The main purpose of both NAFTA and the USMCA was to remove trade barriers among the three countries involved - the United States, Mexico, and Canada. Both agreements aimed to promote free trade by eliminating tariffs and other barriers to trade, allowing for increased economic integration among the member countries. The agreements sought to facilitate the flow of goods, services, and investments between the countries by reducing barriers such as duties and customs procedures.