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Canada's Economy › Economy
What is the NAFTA/CUSMA trade agreement?
- A free trade agreement between Canada, the United States and Mexico
- A Pacific trade agreement involving Canada
- A trade agreement between Canada and Europe
- A trade agreement between Commonwealth nations
Why this is the correct answer
Originally known as NAFTA and updated as CUSMA in 2020, this free trade agreement removes most tariffs between Canada, the United States, and Mexico. Canada and the United States are each other's largest trading partners, making this agreement central to Canada's economy.