Terms in this set (11)
Trade agreements are helpful because they allow countries to
trade for necessary goods.
Why do countries most often create trade agreements?
to reduce tariffs
A specific territory or zone that has laws and regulations different from the rest of the country is called a(n)
Which group works to help members establish internal political stability?
Association of Southeast Asian Nations
What is one stated purpose of the World Trade Organization?
to monitor trade policies of many countries
Why were free trade zones created in China?
to attract investments by foreign countries
The simplest form of a trade agreement is a __________ agreement created between two countries.
Which best describes ASEAN?
a regional organization promoting growth in Southeast Asia
How can a nation benefit from effectively exporting its goods?
Its businesses can invest in the future.
Countries establish internal economic zones in order to
have fewer economic restrictions.
Which group primarily helps settle trade disputes?
World Trade Organization