Trade Agreements and Regional Organizations

The video tutorial covers regional trade blocs, focusing on NAFTA in North America and its transition to USMCA in 2020. It highlights the member countries, commodities traded, and the formation year of NAFTA. The tutorial then shifts to South America, discussing LAFTA's transition to LAIA, listing member and non-member countries, and providing details on its headquarters in Montevideo, Uruguay. The video concludes with a promise to explore other trade blocs in future videos.

What was the main focus of the previous video discussed in the introduction?

• Commodities of USMCA

• Countries in LAIA

• The history of NAFTA

• Regional trade blocs in Southern Asia

Which countries were part of NAFTA before it became USMCA?

• Canada, Cuba, USA

• Mexico, Colombia, Venezuela

• USA, Brazil, Argentina

• Canada, USA, Mexico

In what year was NAFTA replaced by USMCA?

• 1994

• 2020

• 2018

• 2000

What are the primary commodities traded under NAFTA/USMCA?

• Oil and natural gas

• Pharmaceuticals and chemicals

• Agro products and motor vehicles

• Electronics and textiles

What was LAFTA renamed to?

• NAFTA

• USMCA

• LAIA

• ASEAN

How many countries are part of LAIA?

• 20

• 15

• 13

• 10

Which of the following countries is NOT part of LAIA?

• Argentina

• Guyana

• Brazil

• Chile

Where is the headquarters of LAIA located?

• Lima

• Buenos Aires

• Santiago

• Montevideo

Which country's capital is Montevideo?

• Paraguay

• Argentina

• Uruguay

• Brazil

In which year was LAFTA formed?

• 2000

• 2010

• 1980

• 1994