Asked by
harsha vardhan
on Nov 12, 2024
Verified
Which of the following statements is true of free trade zones?
A) Central American countries and the Dominican Republic (CAFTA-DR) is a free trade agreement between the U.S.and Europe that has resulted in greater exports of U.S.beef to Europe.
B) North American Free Trade Agreement (NAFTA) is a free trade agreement between the U.S.,Canada,and Mexico that has reduced illegal migration of Mexicans to the U.S.
C) Association of Southeast Asian nations (ASEAN) is a free trade agreement between the U.S.and a group of South Asian countries that has led to an increase in U.S.outsourcing to countries like India.
D) Mercosur is a free trade association of Latin American countries that aims to increase export subsidies and domestic content requirements in each member country.
E) The Trans-Pacific Partnership is a free trade association of South Africa and its four neighbouring countries.
Free Trade Zones
Designated areas within a country where goods can be imported, handled, manufactured, and exported without direct intervention from customs authorities.
Mercosur
A South American trade bloc established to promote free trade and fluid movement of goods, people, and currency among its member countries.
Trans-Pacific Partnership
A trade agreement among multiple Pacific Rim countries aimed at deepening economic ties, reducing tariffs, and fostering trade to boost growth.
- Identify the objectives and results of free trade agreements.
Verified Answer
FF
Learning Objectives
- Identify the objectives and results of free trade agreements.