What is a trade agreement that includes Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, Paraguay, Peru, and Uruguay and has eliminated the tariffs among these trading partners?
A)NAFTA
B)Maastricht
C)Mercosur
D)GATT

Question

Quizplus · Accepted Answer

Mercosur (also known as the Southern Common Market) is a trade agreement that includes Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, and Uruguay. This agreement has eliminated the tariffs among these trading partners. NAFTA (North American Free Trade Agreement) includes the United States, Canada, and Mexico. Maastricht is a treaty that established the European Union. GATT (General Agreement on Tariffs and Trade) was a precursor to the World Trade Organization and involved multiple countries, not just those in South America.

What Is a Trade Agreement That Includes Argentina, Bolivia, Brazil