NAFTA,the EEC and GATT all exemplify events that are reducing competition among companies worldwide.

Question

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NAFTA (North American Free Trade Agreement) and the EEC (European Economic Community, now known as the European Union) were established to increase free trade and competition among member countries. GATT (General Agreement on Tariffs and Trade, now replaced by the World Trade Organization) aimed to reduce trade barriers and promote free trade among member countries. These events actually increased competition among companies worldwide, rather than reducing it.

NAFTA,the EEC and GATT All Exemplify Events That Are Reducing