Trade Agreements

Match each agreement / organization with its birth date

• 1944

• GATT

• 1948

• Bretton Woods agreement

• 1967

• World Trade Organization

• 2018

• USMCA

• 1995

• ASEAN

This agreement was meant to create an efficient foreign exchange system based on the value of gold acting as a guarantee for the US dollar.

• Bretton Woods

• GATT

• USMCA

What is (was) the primary purpose of NAFTA?

• To reduce trade barriers between Central America and Mexico

• To reduce trade barriers between Brazil and Mexico

• To reduce trade barriers among the US, Canada, and Mexico

• To encourage free trade between the US, Europe, and Canada

In the 1990s, having served its purpose, GATT was replaced by the

International trade agreements ​ (a)   trade ​ (b)   among member nations, but do not ​ (c)   them completely.

• reduce
• barriers
• eliminate

From 23 members nations when it was created, GATT grew dramatically over the years to include __ members in 1995.

How many key objectives does the WTO have?

• 3

• 4

• 6

• 8

One of the objectives of the World Trade Organization is to ​ (a)   and enforce ​ (b)   for ​ international trade. It also aims to provide a forum for​ (c)   and monitoring further trade ​ (d)   .

• set
• rules
• negotiating
• liberalization

An international agency that enforces trade agreements and settles trade disputes between nations.

• NAFTA

• WTO

• ASEAN

• USMCA

How many nations are members of the ASEAN?

• 10

• 15

• 16

• 21