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Question
question
aerocorp, inc. is a canadian airplane manufacturing company that wants to sell airplanes to users in mexico. to keep costs down, aerocorp decides to set up an assembly unit in mexico to which it can ship components with fewer tariffs and quotas.
which of the following trade agreements allows aerocorp to do this?
answer
the asean
the apec
the eu
the usmca
i dont know yet
The USMCA (United States-Mexico-Canada Agreement) is a trade agreement between Canada, Mexico, and the US. It facilitates trade among these three countries, including reduced tariffs and quotas for goods moving between them. Aerocorp is a Canadian company wanting to operate in Mexico, so USMCA applies. ASEAN is for Southeast Asian nations, APEC is a broader Asia - Pacific economic forum (not a trade agreement with the same intra - regional tariff benefits for Canada - Mexico), and the EU is for European countries.
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D. The USMCA