 Trade Flow: |
| exports $1,017bn |
| imports $1,277bn |
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North American Free Trade Agreement
The United States has linked with Canada and Mexico to form a free trade zone, the North American Free Trade Agreement, and now hopes to extend that to the rest of Latin America to create a Free Trade Area of the Americas. The US is already negotiating with Chile to join NAFTA, but that has caused controversy with some other South American countries. The NAFTA agreement covers environmental and labour issues as well as trade and investment, but US unions and environmental groups argue that the safeguards are too weak.
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