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Cross-Border Trade
The buying and selling of goods and services between businesses in neighboring countries or regions.
North American Free Trade Agreement (NAFTA)
A trade agreement between Canada, Mexico, and the United States to reduce trade barriers and increase economic collaboration, replaced by USMCA in 2020.
U.S. and Canada
Refers to the two neighboring countries located in North America, known for their close economic, cultural, and political ties.
Political Risk
The potential loss in value of a foreign investment due to instability and political changes in the host country.
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