c) NAFTA

The North American Free Trade Agreement (NAFTA), enacted in 1994, was a landmark trade deal between the United States, Canada, and Mexico. Its primary goal was to eliminate most tariffs and trade barriers among the three countries, creating one of the world’s largest free-trade zones. NAFTA aimed to boost economic growth and job creation by fostering a more competitive economic environment across North America. While it succeeded in increasing trade and investment flows among the member countries, it also sparked debates over its impact on job losses and environmental standards. NAFTA’s implementation reshaped North American economic relations and became a touchstone in discussions on globalization.