Which agreement aims to encourage free trade in North America?

Prepare for the NOCTI General Management Exam. Utilize interactive flashcards and multiple-choice questions with comprehensive hints and explanations. Ace your test!

The North American Free Trade Agreement (NAFTA) aims to encourage free trade among Canada, Mexico, and the United States by eliminating tariffs, reducing trade barriers, and promoting a more cohesive economic relationship between the three nations. Established in 1994, NAFTA was designed to foster economic growth and competitiveness in the region, allowing for the free flow of goods and services across borders. By decreasing trade restrictions, the agreement helps to increase trade volumes, create jobs, and enhance consumer choices.

The other agreements listed do not focus specifically on promoting free trade within North America. The EU Trade Agreement pertains to trade relations within the European Union, the United Nations Trade Agreement generally involves broader international trade policies and discussions beyond just the North American context, and the Trans-Pacific Partnership primarily addresses trade between countries in the Asia-Pacific region, not specifically aimed at North America.

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