A Foreign Alliance Talk
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on 'foreign trade'.You are requested to include the EU, ASEAN because many members believe that the extreme right of politics is correct when it asserts that Australia must protect Australian business and jobs.As you work through your notes, you are trying to decide on the best information you can present in the allotted half-hour.
-Refer to A Foreign Alliance Talk (Scenario).Latin American nations are clamouring to become part of free trade blocs.Such a free trade bloc is known as the Southern Common Market or ____________.
A)TAFTA
B)Mercosur
C)ASEAN
D)SAFTA
E)BAPUB

Question

Quizplus · Accepted Answer

The correct free trade bloc for Latin American nations is Mercosur, as it includes countries such as Argentina, Brazil, Paraguay, and Uruguay. TAFTA (Transatlantic Free Trade Area) is a proposed free trade agreement between the United States and the European Union, ASEAN (Association of Southeast Asian Nations) is a free trade bloc in Southeast Asia, SAFTA (South Asian Free Trade Area) includes countries such as India, Pakistan, and Sri Lanka, and BAPUB is not a recognized free trade bloc.