Who is More Powerful? | NAFTA x European Union x BRICS | Nominal GDP (1960-2027)

War Economic Blocs | NAFTA x European Union x BRICS | Nominal GDP (1960-2027) @CityGlobeTour ********************************* NAFTA (North American Free Trade Agreement), the European Union (EU), and BRICS (Brazil, Russia, India, China, and South Africa) are not war economic blocs or military alliances, but rather economic and trade-related groupings. Here’s a brief overview of each: NAFTA: NAFTA was a trilateral trade agreement signed in 1994 between the United States, Canada, and Mexico. Its primary objective was to eliminate trade barriers and promote economic integration among the member countries. NAFTA created a free trade area by removing tariffs and reducing restrictions on the movement of goods, services, and investments. However, as of July 1, 2020, NAFTA has been replaced by the United States-Mexico-Canada Agreement (USMCA), which modernized and updated the terms of the original agreement. European Union (EU): The European Union is a political and econ