What was the primary impact of NAFTA on trade volume between the three member nations?
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Correct answer: Trade volume increased more than threefold between 1993 and 2016
By nearly every metric, NAFTA was a success in terms of increasing trade. The integration of supply chains meant that components often crossed borders multiple times before a final product was finished.
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More NAFTA and North American Trade questions
- The 'Investor-State Dispute Settlement' (ISDS) mechanism in NAFTA allowed:
- Which sector of the U.S. economy saw the most significant job losses often attributed to NAFTA?
- Supporters of NAFTA argued that the agreement would help reduce illegal immigration from Mexico by:
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- Which of the following describes the 'Fast Track' authority given to the President regarding NAFTA?