NAFTA stands for:

by

(A) North Asian Free Trade Agreement
(B) North African Free Trade Association
(C) North Alliance Free Trade Agreement
(D) North American Free Trade Agreement 

🧠 Explanation:

  • NAFTA stands for the North American Free Trade Agreement, a treaty between the U.S., Canada, and Mexico.
  • It was created to eliminate trade barriers and increase economic cooperation among the three countries.
  • The agreement came into effect in 1994 and significantly boosted trade in North America.
  • In 2020, NAFTA was replaced by a new agreement called the USMCA (United States–Mexico–Canada Agreement).