ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NAFTA
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EU
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WTO
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Detailed explanation-1: -What Is a Free Trade Agreement (FTA)? A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them.
Detailed explanation-2: -What are Free Trade Agreements? A Free trade Agreement (FTA) is an agreement between two or more countries where the countries agree on certain obligations that affect trade in goods and services, and protections for investors and intellectual property rights, among other topics.
Detailed explanation-3: -international trade, economic transactions that are made between countries.
Detailed explanation-4: -The World Trade Organization (WTO) Agreements create an international trade legal framework for 164 economies around the world. These Agreements cover goods, services, intellectual property, standards, investment and other issues that impact the flow of trade.