POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NAFTA
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OPEC
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United Nations
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European Union
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Detailed explanation-1: -The EU negotiates trade agreements on behalf of the member states – including Ireland. These agreements deal with preferential duty rates on the shipment of goods between the EU and countries around the world. They have also evolved to cover a wider range of areas to facilitate trade.
Detailed explanation-2: -The World Trade Organization (WTO) is made of governments and customs territories that set, apply and enforce the global rules for trade between themselves. Both the European Union (EU) and the individual EU countries are members of the WTO.
Detailed explanation-3: -The European Union (until 30 November 2009 known officially in the WTO as the European Communities for legal reasons) (more info) has been a WTO member since 1 January 1995. The member States of the EU are also WTO members in their own right. The EU is a single customs union with a single trade policy and tariff.
Detailed explanation-4: -European Union–Mercosur free trade agreement.