SlideShare a Scribd company logo
EPF9 The student will demonstrate knowledge of the
                                   global economy
Trade Agreements and WTO
 International trade agreements such as the North
  American Free Trade Agreement (NAFTA) have
  tended to reduce trade barriers.
 Likewise, the World Trade Organization (WTO) seeks
  freer trade among nations.
Purpose of Trade Agreements
 Trade agreements establish rules about trade that
  all parties agree to.
 These agreements have generally reduced the barriers
  to trade.
Purpose of NAFTA
 The North American Free Trade Agreement (NAFTA)
 established a free-trade zone (Canada, Mexico, and
 the United States) with the intention of:
   eliminating trade barriers,
   promoting fair competition,
   and increasing investment opportunities.
Role of WTO
 The World Trade Organization (WTO):
    administers trade agreements,
    handles disputes,
    and provides a venue for negotiating among its
     member nations.
European Union:
 The European Union (EU) is a regional trade
 organization formed to promote trade among
 countries in Europe by reducing trade barriers and
 adopting a common currency, the euro.

More Related Content

Viewers also liked

Srybska Kuhnq
Srybska KuhnqSrybska Kuhnq
Srybska Kuhnq
Kristian Kolev
 
Презент
ПрезентПрезент
Презент
daniil chilochi
 
Facts of facebook, things to know about facebook
Facts of facebook, things to know about facebookFacts of facebook, things to know about facebook
Facts of facebook, things to know about facebook
Ramesh Maurya
 
Cropp (Coltures Risks Observation and Prevention Platform)
Cropp (Coltures Risks Observation and Prevention Platform)Cropp (Coltures Risks Observation and Prevention Platform)
Cropp (Coltures Risks Observation and Prevention Platform)
Mohamed Elhariry
 
Case russian venture_industry_-_3_komanda
Case russian venture_industry_-_3_komandaCase russian venture_industry_-_3_komanda
Case russian venture_industry_-_3_komanda
EVA
 
Helping Hands International (h2i) Presentation presented by Samuel Iyinbo, Fo...
Helping Hands International (h2i) Presentation presented by Samuel Iyinbo, Fo...Helping Hands International (h2i) Presentation presented by Samuel Iyinbo, Fo...
Helping Hands International (h2i) Presentation presented by Samuel Iyinbo, Fo...
Samuel Iyinbo
 
用 增額終身壽險作 退休規劃
用 增額終身壽險作 退休規劃用 增額終身壽險作 退休規劃
用 增額終身壽險作 退休規劃
康 明發
 
Álbumes Artesanales by Cartoné
Álbumes Artesanales by CartonéÁlbumes Artesanales by Cartoné
Álbumes Artesanales by Cartoné
cartoneonline
 
Tools of communication
Tools of communicationTools of communication
Tools of communication
Varun Kuhad
 
Tecnologias y sus multiples relaciones
Tecnologias y sus multiples relacionesTecnologias y sus multiples relaciones
Tecnologias y sus multiples relaciones
CRISTIAN FELIPE BOTINA AZA
 
Chapter06 slides-cropped
Chapter06 slides-croppedChapter06 slides-cropped
Chapter06 slides-cropped
bcotter
 
Evaluation question 4
Evaluation question 4Evaluation question 4
Evaluation question 4
Lewis Pickering
 
Презентация каталога Farmasi август 2015
Презентация каталога Farmasi август 2015Презентация каталога Farmasi август 2015
Презентация каталога Farmasi август 2015
Яна Іванова
 

Viewers also liked (14)

Srybska Kuhnq
Srybska KuhnqSrybska Kuhnq
Srybska Kuhnq
 
Презент
ПрезентПрезент
Презент
 
Facts of facebook, things to know about facebook
Facts of facebook, things to know about facebookFacts of facebook, things to know about facebook
Facts of facebook, things to know about facebook
 
Cropp (Coltures Risks Observation and Prevention Platform)
Cropp (Coltures Risks Observation and Prevention Platform)Cropp (Coltures Risks Observation and Prevention Platform)
Cropp (Coltures Risks Observation and Prevention Platform)
 
Case russian venture_industry_-_3_komanda
Case russian venture_industry_-_3_komandaCase russian venture_industry_-_3_komanda
Case russian venture_industry_-_3_komanda
 
Helping Hands International (h2i) Presentation presented by Samuel Iyinbo, Fo...
Helping Hands International (h2i) Presentation presented by Samuel Iyinbo, Fo...Helping Hands International (h2i) Presentation presented by Samuel Iyinbo, Fo...
Helping Hands International (h2i) Presentation presented by Samuel Iyinbo, Fo...
 
用 增額終身壽險作 退休規劃
用 增額終身壽險作 退休規劃用 增額終身壽險作 退休規劃
用 增額終身壽險作 退休規劃
 
Álbumes Artesanales by Cartoné
Álbumes Artesanales by CartonéÁlbumes Artesanales by Cartoné
Álbumes Artesanales by Cartoné
 
Tools of communication
Tools of communicationTools of communication
Tools of communication
 
KM_Portfolio
KM_PortfolioKM_Portfolio
KM_Portfolio
 
Tecnologias y sus multiples relaciones
Tecnologias y sus multiples relacionesTecnologias y sus multiples relaciones
Tecnologias y sus multiples relaciones
 
Chapter06 slides-cropped
Chapter06 slides-croppedChapter06 slides-cropped
Chapter06 slides-cropped
 
Evaluation question 4
Evaluation question 4Evaluation question 4
Evaluation question 4
 
Презентация каталога Farmasi август 2015
Презентация каталога Farmasi август 2015Презентация каталога Farmasi август 2015
Презентация каталога Farmasi август 2015
 

Similar to 9f trade agreements wto

International cooperation among nations
International cooperation among nationsInternational cooperation among nations
International cooperation among nations
Georges Maalouf
 
WTO.pptx
WTO.pptxWTO.pptx
Various trade organisations final
Various trade organisations finalVarious trade organisations final
Various trade organisations final
Ghousia Islam
 
14 b wto
14 b wto14 b wto
14 b wto
Dildar Ali
 
Wto
WtoWto
Gatt and wto
Gatt and wtoGatt and wto
Gatt and wto
Smeeta Kulkarni
 
WTO
WTOWTO
Wto
WtoWto
WORLD TRADE ORGANISATION(WTO).pptx
WORLD TRADE ORGANISATION(WTO).pptxWORLD TRADE ORGANISATION(WTO).pptx
WORLD TRADE ORGANISATION(WTO).pptx
bhargavig299
 
Wto World trade organization
Wto World trade organizationWto World trade organization
Wto World trade organization
Md.Rezaul Hoque Razu
 
Project Trade Blocs
Project Trade BlocsProject Trade Blocs
Project Trade Blocs
Kaustabh Basu
 
Wto by nasir ibal
Wto by nasir ibalWto by nasir ibal
Wto by nasir ibal
nasirkhattak111
 
International coperation
International coperationInternational coperation
International coperation
Rukaya yousuf
 
Wto described
Wto  describedWto  described
Wto described
StudsPlanet.com
 
Wto described
Wto  describedWto  described
Wto described
Nits Kedia
 
Evolution of WTO .pptx
Evolution of WTO .pptxEvolution of WTO .pptx
Evolution of WTO .pptx
Bhawna173140
 
Project on trade blocs and trade barriers
Project on trade blocs and trade barriersProject on trade blocs and trade barriers
Project on trade blocs and trade barriers
Kiran Joshi
 
Wto
WtoWto
Daniels08 im
Daniels08 imDaniels08 im
Daniels08 im
Keerthi Ram
 
BUSINESS ENVIRONMENT ASSIGNMENT.pptx
BUSINESS ENVIRONMENT ASSIGNMENT.pptxBUSINESS ENVIRONMENT ASSIGNMENT.pptx
BUSINESS ENVIRONMENT ASSIGNMENT.pptx
NeeteshKumar71
 

Similar to 9f trade agreements wto (20)

International cooperation among nations
International cooperation among nationsInternational cooperation among nations
International cooperation among nations
 
WTO.pptx
WTO.pptxWTO.pptx
WTO.pptx
 
Various trade organisations final
Various trade organisations finalVarious trade organisations final
Various trade organisations final
 
14 b wto
14 b wto14 b wto
14 b wto
 
Wto
WtoWto
Wto
 
Gatt and wto
Gatt and wtoGatt and wto
Gatt and wto
 
WTO
WTOWTO
WTO
 
Wto
WtoWto
Wto
 
WORLD TRADE ORGANISATION(WTO).pptx
WORLD TRADE ORGANISATION(WTO).pptxWORLD TRADE ORGANISATION(WTO).pptx
WORLD TRADE ORGANISATION(WTO).pptx
 
Wto World trade organization
Wto World trade organizationWto World trade organization
Wto World trade organization
 
Project Trade Blocs
Project Trade BlocsProject Trade Blocs
Project Trade Blocs
 
Wto by nasir ibal
Wto by nasir ibalWto by nasir ibal
Wto by nasir ibal
 
International coperation
International coperationInternational coperation
International coperation
 
Wto described
Wto  describedWto  described
Wto described
 
Wto described
Wto  describedWto  described
Wto described
 
Evolution of WTO .pptx
Evolution of WTO .pptxEvolution of WTO .pptx
Evolution of WTO .pptx
 
Project on trade blocs and trade barriers
Project on trade blocs and trade barriersProject on trade blocs and trade barriers
Project on trade blocs and trade barriers
 
Wto
WtoWto
Wto
 
Daniels08 im
Daniels08 imDaniels08 im
Daniels08 im
 
BUSINESS ENVIRONMENT ASSIGNMENT.pptx
BUSINESS ENVIRONMENT ASSIGNMENT.pptxBUSINESS ENVIRONMENT ASSIGNMENT.pptx
BUSINESS ENVIRONMENT ASSIGNMENT.pptx
 

More from maynardteacher

Leisure time graphic organizer
Leisure time graphic organizerLeisure time graphic organizer
Leisure time graphic organizer
maynardteacher
 
34 importance and impact presentation
34 importance and impact presentation34 importance and impact presentation
34 importance and impact presentation
maynardteacher
 
Sports promotion terms
Sports promotion termsSports promotion terms
Sports promotion terms
maynardteacher
 
Retirement
RetirementRetirement
Retirement
maynardteacher
 
18 investment and savings planning
18 investment and savings planning18 investment and savings planning
18 investment and savings planning
maynardteacher
 
Debt management
Debt managementDebt management
Debt management
maynardteacher
 
Consumer credit
Consumer creditConsumer credit
Consumer credit
maynardteacher
 
13 credit & loan functions
13 credit & loan functions13 credit & loan functions
13 credit & loan functions
maynardteacher
 
Personal banking
Personal bankingPersonal banking
Personal banking
maynardteacher
 
12 banking transactions
12 banking transactions12 banking transactions
12 banking transactions
maynardteacher
 
16 taxes
16 taxes16 taxes
16 taxes
maynardteacher
 
Consumer rights and responsibilities
Consumer rights and responsibilitiesConsumer rights and responsibilities
Consumer rights and responsibilities
maynardteacher
 
Comparison shopping
Comparison shoppingComparison shopping
Comparison shopping
maynardteacher
 
10 consumer skills
10 consumer skills10 consumer skills
10 consumer skills
maynardteacher
 
11 planning for living
11 planning for living11 planning for living
11 planning for living
maynardteacher
 
14 role of insurance
14 role of insurance14 role of insurance
14 role of insurance
maynardteacher
 
Communication skills
Communication skillsCommunication skills
Communication skills
maynardteacher
 
Business ownership
Business ownershipBusiness ownership
Business ownership
maynardteacher
 
Sales promotion & publicity
Sales promotion & publicitySales promotion & publicity
Sales promotion & publicity
maynardteacher
 
Advertising
AdvertisingAdvertising
Advertising
maynardteacher
 

More from maynardteacher (20)

Leisure time graphic organizer
Leisure time graphic organizerLeisure time graphic organizer
Leisure time graphic organizer
 
34 importance and impact presentation
34 importance and impact presentation34 importance and impact presentation
34 importance and impact presentation
 
Sports promotion terms
Sports promotion termsSports promotion terms
Sports promotion terms
 
Retirement
RetirementRetirement
Retirement
 
18 investment and savings planning
18 investment and savings planning18 investment and savings planning
18 investment and savings planning
 
Debt management
Debt managementDebt management
Debt management
 
Consumer credit
Consumer creditConsumer credit
Consumer credit
 
13 credit & loan functions
13 credit & loan functions13 credit & loan functions
13 credit & loan functions
 
Personal banking
Personal bankingPersonal banking
Personal banking
 
12 banking transactions
12 banking transactions12 banking transactions
12 banking transactions
 
16 taxes
16 taxes16 taxes
16 taxes
 
Consumer rights and responsibilities
Consumer rights and responsibilitiesConsumer rights and responsibilities
Consumer rights and responsibilities
 
Comparison shopping
Comparison shoppingComparison shopping
Comparison shopping
 
10 consumer skills
10 consumer skills10 consumer skills
10 consumer skills
 
11 planning for living
11 planning for living11 planning for living
11 planning for living
 
14 role of insurance
14 role of insurance14 role of insurance
14 role of insurance
 
Communication skills
Communication skillsCommunication skills
Communication skills
 
Business ownership
Business ownershipBusiness ownership
Business ownership
 
Sales promotion & publicity
Sales promotion & publicitySales promotion & publicity
Sales promotion & publicity
 
Advertising
AdvertisingAdvertising
Advertising
 

Recently uploaded

20240609_ TJ Communications Credentials.pdf
20240609_ TJ Communications Credentials.pdf20240609_ TJ Communications Credentials.pdf
20240609_ TJ Communications Credentials.pdf
tjcomstrang
 
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani case
 
Science Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around UsScience Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around Us
PennapaKeavsiri
 
High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15
advik4387
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
deft. 2024 pricing guide for onboarding
deft.  2024 pricing guide for onboardingdeft.  2024 pricing guide for onboarding
deft. 2024 pricing guide for onboarding
hello960827
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Easy Earnings Through Refer and Earn Apps Without KYC.pptx
Easy Earnings Through Refer and Earn Apps Without KYC.pptxEasy Earnings Through Refer and Earn Apps Without KYC.pptx
Easy Earnings Through Refer and Earn Apps Without KYC.pptx
Fx Lotus
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Kalyan Chart Satta Matka Dpboss Kalyan Matka Results
Kalyan Chart Satta Matka Dpboss Kalyan Matka ResultsKalyan Chart Satta Matka Dpboss Kalyan Matka Results
Kalyan Chart Satta Matka Dpboss Kalyan Matka Results
Satta Matka Dpboss Kalyan Matka Results
 
Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...
Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...
Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...
Adani case
 
Discover the Beauty and Functionality of The Expert Remodeling Service
Discover the Beauty and Functionality of The Expert Remodeling ServiceDiscover the Beauty and Functionality of The Expert Remodeling Service
Discover the Beauty and Functionality of The Expert Remodeling Service
obriengroupinc04
 
Kanban Coaching Exchange with Dave White - Example SDR Report
Kanban Coaching Exchange with Dave White - Example SDR ReportKanban Coaching Exchange with Dave White - Example SDR Report
Kanban Coaching Exchange with Dave White - Example SDR Report
Helen Meek
 
MECE (Mutually Exclusive, Collectively Exhaustive) Principle
MECE (Mutually Exclusive, Collectively Exhaustive) PrincipleMECE (Mutually Exclusive, Collectively Exhaustive) Principle
MECE (Mutually Exclusive, Collectively Exhaustive) Principle
Operational Excellence Consulting
 
AI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your BusinessAI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your Business
Arijit Dutta
 
一比一原版(lbs毕业证书)英国伦敦商学院毕业证如何办理
一比一原版(lbs毕业证书)英国伦敦商学院毕业证如何办理一比一原版(lbs毕业证书)英国伦敦商学院毕业证如何办理
一比一原版(lbs毕业证书)英国伦敦商学院毕业证如何办理
eaqmokn
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
The Enigmatic Gemini: Unveiling the Dual Personalities
The Enigmatic Gemini: Unveiling the Dual PersonalitiesThe Enigmatic Gemini: Unveiling the Dual Personalities
The Enigmatic Gemini: Unveiling the Dual Personalities
my Pandit
 
Stainless Steel Conveyor Manufacturers Chennai
Stainless Steel Conveyor Manufacturers ChennaiStainless Steel Conveyor Manufacturers Chennai
Stainless Steel Conveyor Manufacturers Chennai
ConveyorSystem
 
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fix
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fixKalyan chart 6366249026 India satta Matta Matka 143 jodi fix
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fix
satta Matta matka 143 Kalyan chart jodi 6366249026
 

Recently uploaded (20)

20240609_ TJ Communications Credentials.pdf
20240609_ TJ Communications Credentials.pdf20240609_ TJ Communications Credentials.pdf
20240609_ TJ Communications Credentials.pdf
 
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
 
Science Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around UsScience Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around Us
 
High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15High-Quality IPTV Monthly Subscription for $15
High-Quality IPTV Monthly Subscription for $15
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
deft. 2024 pricing guide for onboarding
deft.  2024 pricing guide for onboardingdeft.  2024 pricing guide for onboarding
deft. 2024 pricing guide for onboarding
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Easy Earnings Through Refer and Earn Apps Without KYC.pptx
Easy Earnings Through Refer and Earn Apps Without KYC.pptxEasy Earnings Through Refer and Earn Apps Without KYC.pptx
Easy Earnings Through Refer and Earn Apps Without KYC.pptx
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Kalyan Chart Satta Matka Dpboss Kalyan Matka Results
Kalyan Chart Satta Matka Dpboss Kalyan Matka ResultsKalyan Chart Satta Matka Dpboss Kalyan Matka Results
Kalyan Chart Satta Matka Dpboss Kalyan Matka Results
 
Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...
Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...
Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...
 
Discover the Beauty and Functionality of The Expert Remodeling Service
Discover the Beauty and Functionality of The Expert Remodeling ServiceDiscover the Beauty and Functionality of The Expert Remodeling Service
Discover the Beauty and Functionality of The Expert Remodeling Service
 
Kanban Coaching Exchange with Dave White - Example SDR Report
Kanban Coaching Exchange with Dave White - Example SDR ReportKanban Coaching Exchange with Dave White - Example SDR Report
Kanban Coaching Exchange with Dave White - Example SDR Report
 
MECE (Mutually Exclusive, Collectively Exhaustive) Principle
MECE (Mutually Exclusive, Collectively Exhaustive) PrincipleMECE (Mutually Exclusive, Collectively Exhaustive) Principle
MECE (Mutually Exclusive, Collectively Exhaustive) Principle
 
AI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your BusinessAI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your Business
 
一比一原版(lbs毕业证书)英国伦敦商学院毕业证如何办理
一比一原版(lbs毕业证书)英国伦敦商学院毕业证如何办理一比一原版(lbs毕业证书)英国伦敦商学院毕业证如何办理
一比一原版(lbs毕业证书)英国伦敦商学院毕业证如何办理
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
The Enigmatic Gemini: Unveiling the Dual Personalities
The Enigmatic Gemini: Unveiling the Dual PersonalitiesThe Enigmatic Gemini: Unveiling the Dual Personalities
The Enigmatic Gemini: Unveiling the Dual Personalities
 
Stainless Steel Conveyor Manufacturers Chennai
Stainless Steel Conveyor Manufacturers ChennaiStainless Steel Conveyor Manufacturers Chennai
Stainless Steel Conveyor Manufacturers Chennai
 
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fix
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fixKalyan chart 6366249026 India satta Matta Matka 143 jodi fix
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fix
 

9f trade agreements wto

  • 1. EPF9 The student will demonstrate knowledge of the global economy
  • 2. Trade Agreements and WTO  International trade agreements such as the North American Free Trade Agreement (NAFTA) have tended to reduce trade barriers.  Likewise, the World Trade Organization (WTO) seeks freer trade among nations.
  • 3.
  • 4. Purpose of Trade Agreements  Trade agreements establish rules about trade that all parties agree to.  These agreements have generally reduced the barriers to trade.
  • 5.
  • 6. Purpose of NAFTA  The North American Free Trade Agreement (NAFTA) established a free-trade zone (Canada, Mexico, and the United States) with the intention of:  eliminating trade barriers,  promoting fair competition,  and increasing investment opportunities.
  • 7.
  • 8. Role of WTO  The World Trade Organization (WTO):  administers trade agreements,  handles disputes,  and provides a venue for negotiating among its member nations.
  • 9.
  • 10. European Union:  The European Union (EU) is a regional trade organization formed to promote trade among countries in Europe by reducing trade barriers and adopting a common currency, the euro.