ECONOMICS
BARRIERS TO TRADE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
To set up free trade among member countries
|
|
|
To promote religious freedom and the appreciation of culture
|
|
|
To create one government for all European countries
|
|
|
To increase economic competition between European countries
|
Detailed explanation-1: -The treaty was designed to enhance European political and economic integration by creating a single currency (the euro), a unified foreign and security policy, and common citizenship rights and by advancing cooperation in the areas of immigration, asylum, and judicial affairs.
Detailed explanation-2: -The European Free Trade Association (EFTA) was established by a Convention signed in Stockholm on 4 January 1960. The main objective of the Association was to liberalise trade among its Member States, and the Convention thus contained basic rules regarding free trade in goods and related disciplines.
Detailed explanation-3: -The aims of the European Union within its borders are: promote peace, its values and the well-being of its citizens. offer freedom, security and justice without internal borders, while also taking appropriate measures at its external borders to regulate asylum and immigration and prevent and combat crime.
Detailed explanation-4: -The EEC was designed to create a common market among its members through the elimination of most trade barriers and the establishment of a common external trade policy.
Detailed explanation-5: -In October 1991 the members of the EFTA and EEC agreed to establish a free-trade zone among themselves called the European Economic Area (EEA), which came into effect on January 1, 1994.