r the questions Part F Which of these is the most likely explanation of why this

Question

r the questions Part F Which of these is the most likely explanation of why this country has a strong trade association with the United States? O They both belong to CAFTA (the Central American Free Trade Agreement) O They are both Mercosur associates O They both belong to LAFTA (the Latin American Free Trade Association) O They both belong to Mercosur O They both belong to NAFTA (the North American Free Trade Agreement) SubmitMy Answers Give Up dings at left for . Note that these Provide Feedback Continue 2:55 PM )d) 9/27/2017 ^

Explanation / Answer

The Dominican Republic-Central America FTA (CAFTA-DR) is the first free trade agreement between the United States and a group of smaller developing economies: our Central American neighbors Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, as well as the Dominican Republic.

Mercosur has five full member countries (Argentina, Brazil, Paraguay, Uruguay, Venezuela), and two associate members (Bolivia and Chile). The purpose of Mercosur is to promote free trade and the fluid movement of goods, people, and currency.

NAFTA is a formal agreement that establishes clear rules for commercial activity between Canada, the United States, and Mexico. NAFTA is overseen by a number of institutions that ensure the proper interpretation and smooth implementation of the Agreement's provisions

LAFTA was created in 1960 in the 1960 Treaty of Montevideo by Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay. The signatories hoped to create a common market in Latin America and offered tariff rebates among member nations.

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.