Governments of various countries promote free trade by forming groups of countries that reduce or eliminate trade barriers among themselves.

Question

Quizplus · Accepted Answer

This statement is true. Governments form trade agreements or organizations such as the World Trade Organization (WTO) to promote free trade and eliminate trade barriers among member countries. Examples of such trade agreements include the North American Free Trade Agreement (NAFTA), the European Union (EU), and the Association of Southeast Asian Nations (ASEAN).

Governments of Various Countries Promote Free Trade by Forming Groups