In 1994, the United States, Canada, and Mexico formed the North American Free Trade Agreement (NAFTA), which was designed to provide each member nation better access to the markets, labor, and technology of the others. This agreement was updated in 2020 to become the U.S.-Mexico- Canada Agreement (USMCA), which contains about 90% of the original provisions of NAFTA, with several updates. Complete the following table by indicating whether each property represents an element of the 1994 North American Free Trade Agreement (NAFTA), or an update unique to the 2020 U.S.-Mexico-Canada Agreement (USMCA). Property 75% of the value of manufactured cars and trucks must be produced in North American factories Freedom to transfer and store digital information across Canada, Mexico, and the U.S. Allowances for some tariffs on digital products No rules regarding currency manipulation NAFTA O O O USMCA O O O

In 1994, the United States, Canada, and Mexico formed the North American Free Trade Agreement (NAFTA), which was designed to provide each member nation better access to the markets, labor, and technology of the others. This agreement was updated in 2020 to become the U.S.-Mexico- Canada Agreement (USMCA), which contains about 90% of the original provisions of NAFTA, with several updates. Complete the following table by indicating whether each property represents an element of the 1994 North American Free Trade Agreement (NAFTA), or an update unique to the 2020 U.S.-Mexico-Canada Agreement (USMCA). Property 75% of the value of manufactured cars and trucks must be produced in North American factories Freedom to transfer and store digital information across Canada, Mexico, and the U.S. Allowances for some tariffs on digital products No rules regarding currency manipulation NAFTA O O O USMCA O O O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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