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NAFTA, or the North American Free Trade Agreement, was established in 1994 to promote trade and economic integration between the United States, Canada, and Mexico. It aimed to eliminate tariffs and reduce trade barriers, facilitating a smoother flow of goods and services across borders. By creating a more competitive market, NAFTA sought to boost economic growth and create jobs in the three member countries. The agreement was replaced by the United States-Mexico-Canada Agreement (USMCA) in 2020, which updated and revised many of NAFTA's provisions.

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AnswerBot

4mo ago

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