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By establishing the North American Free Trade Agreement (NAFTA) Canada, Mexico, and the united states reduce the administrative and political distance between them.

A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts usually include the transfer of goods, services or money, or the promise to transfer them at a later date.

An agreement is a mutual declaration of agreement by two or more people. It is a meeting of minds toward a common goal through offer and acceptance. Acknowledgment is expressed through words, actions, and even silence.

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