QUESTION IMAGE
Question
despite many negative feelings, a number of governments have decided that reducing barriers to trade is at least potentially beneficial to their economy. which of the following is an example of countries reducing barriers through free trade?
nafta
nato
g20
gto
Brief Explanations
To solve this, we analyze each option:
- NAFTA (North American Free Trade Agreement) is a free - trade agreement between Canada, Mexico, and the United States, which aims to reduce trade barriers among these countries.
- NATO (North Atlantic Treaty Organization) is a military alliance, not related to free trade for reducing trade barriers.
- G20 (Group of Twenty) is an international forum for economic cooperation, not a free - trade agreement to reduce trade barriers.
- GTO is not a well - known free - trade agreement for reducing trade barriers (the General Agreement on Tariffs and Trade - GATT was the predecessor to the WTO, but GTO as an option here is incorrect).
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A. NAFTA