Tournament - Regional Integration

In a customs union, trade barriers are eliminated among member countries, and each country maintains its own external trade policies.

• True

• False

The European Union is an example of an political union.

• True

• False

Because of the fact that everyone benefits from economic integration, it is easy to achieve and sustain.

• True

• False

Concerns about national sovereignty in the EU have been a major impediment to further integration.

• True

• False

Identify the most popular form of regional economic integration, accounting for almost 90 percent of regional agreements.

• free trade areas

• customs unions

• common markets

• economic unions

________ can be seen as an attempt to achieve additional gains from the free flow of trade and investment between countries beyond those attainable under global agreements.

• Foreign direct investment

• Government intervention

• Regional economic integration

• Unrestricted trade

This group signed a free trade agreement with China that removes tariffs on 90% of traded goods.

• MERCOSUR

• NAFTA

• ASEAN

• PACIFIC ALLIANCE

In 2016 Venezuela was suspended for violating this pact’s democratic principles and engaging in widespread human rights violations.

• PACIFIC ALLIANCE

• NAFTA

• MERCOSUR

• FTA WITH COLOMBIA

Includes France and Germany

• NAFTA

• USMCA

• E.U

• ASEAN

 A signed agreement in 1969 was based on the EU model.

• ASEAN

• USMCA

• CARICOM

• ANDEAN COMMUNITY