Marsa and Hunare are Asian nations. Jorwen, Kellpit, and Denqor are North American nations. These five nations recently signed a multilateral agreement that allows them to carry out business operations with minimal tax implications. This arrangement would allow Jorwen, Kellpit, and Denqor to import goods from Marsa and Hunare, which have low labor costs and high production quality. This agreement among these five nations is most likely possible because of the _____.
A) Retail Association Cooperative Agreement
B) European Investment Treaty
C) General Agreement on Tariffs and Trade
D) American Free Trade Agreement

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) is a multilateral agreement that aims to reduce tariffs and other trade barriers, facilitating international trade among member countries.

Marsa and Hunare Are Asian Nations