Question 1
Which is the largest zone of preferential trading by GDP?
◦ ECOWAS
◦ the EU
◦ NAFTA
◦ ASEAN
Question 2
The purpose of the North American Free Trade Agreement (NAFTA) is to
◦ reduce the amount the United States imports from Canada and Mexico.
◦ reduce trade barriers between the United States, Canada and Mexico.
◦ reduce the United States' dependency on imported oil.
◦ speed up the transfer of technology among the United States, Canada and Mexico.