Question

NAFTA stands for North American Foreign Trade Act.

Answer 1

NAFTA stands for North American Free Trade Agreement. It is a trade agreement between Canada, the United States, and Mexico that eliminates trade barriers. NAFTA was created in 1994 and aimed to reduce trade barriers and allow goods to flow freely among the three countries.

Step-by-step explanation:

NAFTA stands for North American Free Trade Agreement. It is a trade agreement between Canada, the United States, and Mexico that eliminates trade barriers, such as tariffs, between each nation. NAFTA was created in 1994 and aimed to reduce trade barriers and allow goods to flow freely among the three countries. It has had a significant impact on the economies and trade relationships of these countries.