The objectives of this Agreement, as elaborated more specifically through its principles and rules, including national treatment, most-favored-nation treatment and transparency, are to:(a) eliminate barriers to trade in, and facilitate the cross-border movement of, goods and services between the territories of the Parties ..... These words would most likely be found in what document?

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

“The objectives of this Agreement, as elaborated more specifically through its principles and rules, including national treatment, most-favored-nation treatment and transparency, are to:(a) eliminate barriers to trade in, and facilitate the cross-border movement of, goods and services between the territories of the Parties ____ “These words would most likely be found in what document?

A	NAFTA
B	the Universal Declaration of Human Rights
C	the Nuclear Nonproliferation Treaty
D	the Good Friday Agreement

Explanation:

Detailed explanation-1: -GATT ARTICLE III Article III:1 stipulates the general principle that Members must not apply internal taxes or other internal charges, laws, regulations, and requirements affecting imported or do-mestic products so as to afford protection to domestic production.

Detailed explanation-2: -The GATT aimed to improve existing international relations by making trade easier. It consisted of a set of rules that defined the new trade restrictions that were much more relaxed as compared to the ones that existed before. The agreement also established a system to resolve trade-related disputes among nations.

Detailed explanation-3: -North American Free Trade Agreement (NAFTA) established a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAFTA immediately lifted tariffs on the majority of goods produced by the signatory nations.

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