Which of the following is true with regard to NAFTA? A. Today Mexico, Canada, Argentina, Brazil, and the United States are party to this agreement. B. NAFTA has increased trade between Canada, Mexico, and the United States. C. It is largely seen to be the reason behind reduced labor productivity in Mexico. D. The Galápagos Declaration effectively launched the NAFTA and the provisions of contents of the NAFTA. E. On average, studies indicate that NAFTA's overall impact has been extremely large, but negative.

The correct answer is B. NAFTA has increased trade between Canada, Mexico, and the United States.

Explanation:

The North American Free Trade Agreement (NAFTA) is a treaty, entered into force on January 1, 1994, establishing a free trade zone between the United States, Canada and Mexico, covering approximately 480 million people. The main objective is to reduce or eliminate trade barriers between the three signatory countries, while maintaining the political ones. This is a factor that differentiates this agreement from the European Union for example, which in turn is a political-economic agreement.

It is the largest free trade area in terms of GDP, although it unites partners with unequal characteristics.

B - NAFTA has increased trade between Canada, Mexico, and the United States

Explanation:

Nafta (North American Free Trade Agreement) was created on January 1, 1994 and created a trilateral trade block in North America between Mexico, canada, and the US.