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The North American Free Trade Agreement (NAFTA) was established in 1994 to promote free trade and economic cooperation among the United States, Canada, and Mexico. While it significantly increased trade and investment, it also led to job losses in the U.S. and environmental issues in Mexico. NAFTA was replaced by the United States–Mexico–Canada Agreement (USMCA) in 2020 to address these challenges and modernize trade regulations.

Author

24pec11

Language

EN