Which of the following is most accurate in regards to the Asian Free Trade agreements?
A)Efforts to liberalize trade in East Asia are growing.
B)Asian Free Trade Agreements are more formal than those of the EU and NAFTA.
C)Asian Free Trade Agreements are based on ethnicity rather than geographical borders.
D)Asian Free Trade Agreements encourage the formation of multinational corporations.
E)Asian Free Trade Agreements recently include India and China.

Question

Quizplus · Accepted Answer

Efforts to liberalize trade in East Asia are indeed growing, with several free trade agreements being signed in recent years, such as the ASEAN Free Trade Area (AFTA) and the Trans-Pacific Partnership (TPP). Option B is false as the Asian Free Trade Agreements are less formal compared to the EU and NAFTA. Option C is also incorrect, as Asian Free Trade Agreements are based on geography rather than ethnicity. Option D is not entirely accurate, as the agreements themselves do not explicitly encourage the formation of multinational corporations, although it may occur as a result of the increased trade opportunities created by the agreements. Option E is partly true, as several countries including India and China are included in existing free trade agreements in Asia, but it is not a recent development.

Which of the Following Is Most Accurate in Regards to the Asian