Which of the following is true of economic trade agreements?

Question

Quizplus · Accepted Answer

Economic trade agreements can be either regional or transregional. Regional trade agreements involve countries within a specific geographic region, such as the European Union or the North American Free Trade Agreement. Transregional trade agreements are those that involve countries from different regions, such as the Trans-Pacific Partnership or the African Continental Free Trade Area. The EU, for example, is an organization that promotes the creation of trade agreements among its members, and has actually been successful in doing so, resulting in a high level of economic integration and trade between its member states.

Which of the Following Is True of Economic Trade Agreements