A Foreign Alliance Talk (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on foreign trade. The chamber president even goes so far as to say "and be sure to include the EU, NAFTA, CAEU, GAFTA and all that stuff because we're afraid the economists are right -all the good jobs will have to go elsewhere." As you pour over your notes, you try to choose the best information to present in the allotted half hour.
-You plan to explain during your talk that the acronyms EU, NAFTA, FTAA, GAFTA and ASEAN refer to __________.
A) regional trade alliances
B) soccer teams in Europe
C) foreign airlines
D) new multinational corporations

Question

Quizplus · Accepted Answer

The acronyms EU (European Union), NAFTA (North American Free Trade Agreement), FTAA (Free Trade Area of the Americas), GAFTA (Greater Arab Free Trade Area) and ASEAN (Association of Southeast Asian Nations) all refer to regional trade alliances.