Conflict Snd Tension Flashcards
1
Q
Main trading entity
A
USA - NAFTA
Eu - European Union
Also now
ASEAN- Association of south East Asian nations
APEC
2
Q
Why do trading entities argue
A
Want best deals for all citizens / workers / businesses
3
Q
Example of conflict
A
•Failure of Doha round talks
Due to disagreements between EU and USA also China and India
•banana trade war
4
Q
Trans Pacific partnership
A
Free trade between USA and counties in Asia and South America
5
Q
Transatlantic trade and invest ember oartynership
A
USA and Eu
6
Q
When was nafta formed
A
1994
7
Q
How has USA lagged behind
A
Protectionist economy
Not eneyeted any formal trade agreement
Now attempting to negotiate trade agreements that will
Place it at the core of international trade
