Which of the following trade agreements represents the highest level of integration across individual nations?

Question

Quizplus · Accepted Answer

The EU, or European Union, represents the highest level of integration across individual nations among the given trade agreements. It not only involves the elimination of trade barriers but also includes common policies on various aspects such as agriculture, fisheries, environment, and foreign affairs. It also has a single market and a single currency, creating a deeper level of economic integration among its member countries. The NAFTA and CAFTA only involve regional trade agreements among North and Central American countries, respectively. The GATT is a multilateral agreement that focuses on reducing trade barriers among its member countries, while ASEAN is a regional agreement among Southeast Asian countries.

Which of the Following Trade Agreements Represents the Highest Level