Examlex
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NAFTA
The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States to reduce trade barriers and promote economic cooperation.
Free-Trade Area
A region where member countries agree to eliminate tariffs and other barriers to trade in goods and services amongst themselves.
Trade Barriers
Measures implemented by countries to regulate or limit international trade, including tariffs, quotas, and non-tariff barriers.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, often resulting in increased interconnectedness and interdependence.
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