GK
WORLD ORGANISATIONS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NAFTA
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NATO
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European Union (EU)
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The United Nations (UN)
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Detailed explanation-1: -The European Union (EU) is a political and economic alliance of 27 countries. The EU promotes democratic values in its member nations and is one of the world’s most powerful trade blocs .
Detailed explanation-2: -Towards open and fair world-wide trade The European Union is one of the most outward-oriented economies in the world. It is also the world’s largest single market area. Free trade among its members was one of the EU’s founding principles, and it is committed to opening up world trade as well.
Detailed explanation-3: -EU-Canada – Comprehensive Economic Trade Agreement (CETA) The benefits related to tariffs are in force. CETA was the first of the new generation of trade agreements signed by the EU.
Detailed explanation-4: -The European Free Trade Association (EFTA) is an intergovernmental organisation set up for the promotion of free trade and economic integration to the benefit of its four Member States – Iceland, Liechtenstein, Norway and Switzerland – and the benefit of their trading partners around the globe.