Answer:
Here you go.
Explanation:
Canada has seen strong gains in cross-border trade in the NAFTA era: U.S. and Mexican investment in Canada has tripled since 1993. U.S. spending, accounting for more than half of Canada's FDI portfolio, rose from $70 billion in 1993 to more than $368 billion in 2013.
According to data from the U.S. Chamber of Commerce, commerce with Canada and Mexico supports an estimated total of almost 5 million jobs in the nation. California, Texas, and New York are the states that stand to gain the most.
In order to promote trade between the United States, Mexico, and Canada, the North American Free Trade Agreement (NAFTA) was put into effect in 1994. NAFTA decreased or eliminated import and export duties among the three signatory nations, establishing a sizable free-trade area.
Mexican farm exports to the United States have increased thrice since the establishment of NAFTA. Numerous studies have concluded that the deal raised productivity and reduced consumer costs in Mexico, as well as created hundreds of thousands of jobs in the auto industry. Since NAFTA's implementation, the stock of Canadian direct investment in Mexico has grown significantly; it will surpass CA$28.8 billion in 2020, up from CA$530 million in 1993.
Learn more about NAFTA here:
https://brainly.com/question/7458065
#SPJ5
