5 concepts
The North American Free Trade Agreement (NAFTA)
NAFTA is a 1994 agreement to removes taxes on products traded between North American countries (US, Canada and Mexico).
The European Union (EU)
The European Union (EU) was established in November 1993 and is an economic and political union of 27 member states.
The Common Market of the Southern Cone (MERCOSUR)
Mercosur is an economic and political agreement among Argentina, Brazil, Paraguay, Uruguay, and Venezuela created in 1991 to promote free trade.
The Asia-Pacific Economic Cooperation (APEC)
APEC is a forum for 21 Pacific Rim countries that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region.
The World Trade Organization (WTO)
The WTO was formed in 1995 and has 157 member countries working together to supervise and liberalize international trade.