Question

level 2
match the descriptions with the corresponding trade organization.
which trade organization, signed in 2004, was made between the united states,
dominican republic, costa rica, el salvador, guatemala, honduras, and nicaragua to
reduce tariffs and support developing economies?
which trade organization, founded in 1995, sets and enforces global trade rules and
helps settle disputes among 164 member nations, including the united states, china,
germany, india, and brazil?
which trade organization, established in 1993, allows free trade between 27 europe
countries, creating a single market for goods, services, and labor?
which trade organization, created in 1994 and involves canada, mexico, and the ur
states, including stronger labor and environmental protections?

Explanation:

• CAFTA: The Central America - Dominican Republic Free Trade Agreement (CAFTA - DR) was signed in 2004 between the U.S., Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua to reduce tariffs and support developing economies.
• World Trade Organization (WTO): Founded in 1995, it sets and enforces global trade rules and helps settle disputes among its member nations (164 as of relevant context).
• European Union (EU): Established in 1993, it allows free trade among its 27 European member countries, creating a single market for goods, services, and labor.
• USMCA (United States - Mexico - Canada Agreement): Created in 1994 (replaced NAFTA), it involves Canada, Mexico, and the U.S. with stronger labor and environmental protections.

Answer:

1. CAFTA
2. World Trade Organization (WTO)
3. European Union (EU)
4. USMCA