NAFTA and WTO refer to
A)Organizations with expertise in business process improvement.
B)Laws and organizations which regulate international trade.
C)Laws and regulations regarding sustainability.
D)Organizations and trade groups that work for global economic development.
E)None of the above.

Question

Quizplus · Accepted Answer

NAFTA (North American Free Trade Agreement) is a trade agreement between Canada, Mexico, and the United States, while the WTO (World Trade Organization) is an international organization that supervises and regulates international trade between member countries. Therefore, both refer to laws and organizations that regulate international trade.

NAFTA and WTO Refer to