Asked by
Jacqueline Lopez
on Oct 13, 2024Verified
Congress has ratified
A) both NAFTA and GATT.
B) neither NAFTA nor GATT.
C) NAFTA,but not GATT.
D) GATT,but not NAFTA.
NAFTA
The North American Free Trade Agreement, which was a trade deal between the United States, Canada, and Mexico aimed at eliminating tariffs and facilitating smoother trade between the members.
GATT
General Agreement on Tariffs and Trade, a multilateral agreement regulating international trade aimed at reducing or eliminating trade barriers like tariffs and quotas.
Congress
The legislative body of the United States government, consisting of two houses: the Senate and the House of Representatives, responsible for making federal laws.
- Determine the key trade agreements and their associated member states.
Verified Answer
KV
Learning Objectives
- Determine the key trade agreements and their associated member states.