The correct answer is: B. USA, Canada and Mexico
The North American Free Trade Agreement (NAFTA) is an agreement between the governments of Canada, Mexico, and the United States, signed on December 17, 1992, and came into force on January 1, 1994. The agreement created a trilateral trade bloc in North America. The agreement covers trade in goods and services, investment, intellectual property rights, and dispute settlement.
NAFTA has been controversial since its inception. Critics argue that it has led to job losses in the United States, particularly in the manufacturing sector. Supporters argue that NAFTA has created jobs and increased economic growth in all three countries.
In 2017, the United States withdrew from the Trans-Pacific Partnership (TPP), a trade agreement between 12 countries in the Pacific Rim. The Trump administration has also renegotiated NAFTA, which is now known as the United States-Mexico-Canada Agreement (USMCA). The USMCA was signed on November 30, 2018, and is expected to come into force in 2020.
The member countries of NAFTA are:
- The United States
- Canada
- Mexico