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Why does Canada trade with the US and Mexico?

Updated: 8/20/2019
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11y ago

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Every nation on Earth engages in international commerce, because no single nation produces everything that it either needs or wants for its own consumption. To be able to pay for imports, it is necessary to also have exports which bring in foreign exchange currency. Canada, for example, imports Oranges (and many other things) from the US and exports oil (and many other things) to the US. The Canadian climate does not allow orange groves (although oranges could be produced in greenhouses, but not very affordably).

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Q: Why does Canada trade with the US and Mexico?
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Related questions

Can Canada trade with Mexico?

It already does: bilateral trade between Canada and Mexico accounts for approximately US$18.86 billion (2009).


Which countries signed the North American Free Trade Agreement (NAFTA) in 1992?

Canada, US, Mexico


What is nafta and how does it affect Mexico us and Canada?

NAFTA is the North American Free Trade Association; it helped Mexico, Canada, and the US trade easier with each other.


Is there a trade inblanse with Canada and Mexico?

You mean against the United States or between them? Mexican-Canadian trade balance usually favors Canada; in the case of US-Canadian and US-Mexican trade balance, it usually favors both Canada and Mexico.


Why did the us Canada and Mexico sign the nafta?

To increase international trade.


Who opened free trade between Canada the US and Mexico?

Mexico begun the conversations to NAFTA.


What removed trade restrictions among the US Canada and Mexico which increased cross-border trade?

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What countries has the US dealt with regarding unfair trade practices?

Mexico and Canada.


Trade agreement on imports and exports from the US to Canada and Mexico?

The North American Free Trade Agreement (NAFTA)


What country does the US trade with most?

Canada,MEXICO,China,Japan,Germany Mostly Canada and then rest follow.


What eliminated all the trade barriers between the US Canada and Mexico?

The trade agreement called NAFTA or the North American Free Trade Agreement began in 1994. The agreement lifted tariffs produced by the USA, Mexico and Canada.


What the effects of NAFTA on the US?

It removed the trade barriers set before by the U.S. , Mexico, and Canada