NAFTA, a trade pact between the United States, Canada and Mexico, eliminated virtually all tariffs and trade restrictions between the three nations.
North American Free Trade Agreement (NAFTA), which was passed in 1994 and created a free trade zone for Mexico, Canada, and the United States, is the most important part of the bilateral commercial relationship between the United States and Mexico. As of January 1, 2008, all tariffs and restrictions on American exports to Mexico and Canada were eliminated in accordance with the North American Free Trade Agreement. (NAFTA).
The second-largest export market for American goods is Mexico, which is also the third-largest trading partner of the United States. Our third-largest trading partner and second-largest export market in 2018 was Mexico (after China and Canada). A total of 678 billion USD worth of goods and services were traded in both directions, directly and indirectly supporting millions of jobs in the United States.
To learn more about NAFTA from the given link:
https://brainly.com/question/27372794
#SPJ4
