Nafta Affected Economies North America Eu Affected Europe Importance Economic Pacts Intern Q34229932

How has NAFTA affected the economies of North America and howhas the EU affected Europe? What importance do these economic pactshave for international managers in North America, Europe, andAsia?

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The United States, Canada, and Mexico make up the North AmericanFree Trade Agreement(NAFTA), which in essence has removed allbarriers to trade among these countries and created a huge NorthAmerican market. A number of economic developments have occurredbecause of this agreement and are designed to promote commerce inthe region. Some of the more important developments include theelimination of tariffs as well as import and export quotas; theopening of government procurement markets