Which of the following statements is TRUE of NAFTA?
A) It introduced a common currency for trade between the U.S., Mexico, and Canada.
B) It overrode the local content requirements and rules of origin for products manufactured in the member nations.
C) It eliminated all tariffs and nontariff trade barriers on goods originating from within North America.
D) It called for stringent rules regarding government procurement practices and the imposition of countervailing duties.

Question

Quizplus · Accepted Answer

NAFTA, the North American Free Trade Agreement, primarily aimed to eliminate tariffs and reduce non-tariff barriers on goods produced and traded within North America, which includes the U.S., Mexico, and Canada. It did not introduce a common currency or specifically call for stringent rules on government procurement and countervailing duties in the manner described.

Which of the Following Statements Is TRUE of NAFTA