In opposition to the U.S.-led Free Trade Area of the Americas (FTAA),which group focuses more on social welfare and economic aid than trade liberalization?
A)Central American Common Market
B)Cuban-Venezuelan Trade Agreement
C)Bolivarian Alternative for the People of Our America
D)Caribbean Common Market
E)Caribbean Basin Initiative

Question

Quizplus · Accepted Answer

The Bolivarian Alternative for the People of Our America (ALBA) is a regional trade agreement between Cuba, Venezuela, Bolivia, Nicaragua, and several Caribbean countries. ALBA focuses more on social welfare, economic aid, and reducing inequality among member countries rather than solely on trade liberalization. It also promotes the use of local currencies in trade and rejects the traditional neoliberal economic model. Therefore, ALBA is the best choice that matches the given description.

In Opposition to the U