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NAFTA has been a remarkable success story for all three partners. It has contributed to significant increases in trade and investment flows between Canada, the United States, and Mexico. It has benefited companies in all three countries, paving the way for increased sales, new partnerships, and new opportunities.
Worst Trade Deal Ever?
The US's trade deficit with the two NAFTA countries is less than 10% of its total trade deficit, and most of the increase in the total deficit actually came several years after the trade agreement was implemented. NAFTA also lowered prices, That’s because NAFTA got rid of tariffs. This decreases reliance on oil from the Middle East. Food can also be transported for lower costs, reducing grocery bills. Costs are lowered for farm products, too.
The Statistics Say Other Wise.
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