World trade agreements

Question 1

What is the European Union?

Answer 1

The european union is an economic and political union between 27 countries

Question 2

Where are the headquarters of the EU?

Answer 2

Brussels, belgium

Question 3

NAFTA- USA, Mexico, canada

Answer 3

Created in 1994 to encourage trade between the U.S, Mexico and Canada
massive free-trade zone
NAFTA provides intellectual property rights protection and enforcement.
In the United States, NAFTA was condemned for leading to job losses and outsourcing.
NAFTA was very good for the GPD’S of countries

Question 4

APEC - 21 countries

Answer 4

APEC want to increase regional prosperity by fostering balanced, inclusive, sustainable, creative, and secure growth and by speeding regional economic integration.
Asia-most Pacific’s significant regional forums.

Question 5

TPP - Trans-Pacific Partnership (12)

Answer 5

TPP was a huge trade pact signed by twelve Pacific Rim countries, including the United States, representing 40% of the world economy.
The agreement aims to strengthen economic relations between these countries by lowering tariffs and encouraging commerce to improve growth. Members had also planned to have a stronger connection in terms of economic policy and regulation.