What is the major trade agreement among the United States, Canada, and Mexico?

The major trade agreement among the United States, Canada, and Mexico is NAFTA, which stands for the North American Free Trade Agreement. This agreement, established in 1994, was designed to foster trade by eliminating tariffs and reducing trade barriers among the three nations. The primary goal was to create a more integrated economic region, leading to increased trade and investment among the member countries.

NAFTA has played a significant role in shaping the trade landscape in North America by allowing the free flow of goods and services across borders, thereby supporting economic growth and the creation of jobs in various sectors. While NAFTA has since been replaced by the United States-Mexico-Canada Agreement (USMCA) in 2020, its origins and significance in facilitating trade among these three countries underscore its importance in international trade relations.

The other options represent different trade agreements or regional organizations, but they do not pertain to the trilateral relationship between the U.S., Canada, and Mexico. For instance, the EU (European Union) focuses on European countries, ASEAN (Association of Southeast Asian Nations) includes Southeast Asian nations, and Mercosur is a South American trade bloc. Thus, NAFTA remains the key agreement linked specifically to the U.S., Canada, and Mexico