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Free Trade Agreement

Over the years, to increase trade, many countries have created free trade agreements with other countries. Under the framework of General Agreement on Tariffs and Trade and World Trade Organization, countries opened up their borders and agreed to trade barriers, which saw the emergence of International Trade and expanded economic globalization. For example, in 1994, the United States, Mexico, and Canada signed the North American Free Trade Agreement (NAFTA), which ultimately all tariffs on trade goods between the three nations. This globalization of goods and services, as well as people and ideas, between these three countries.