NAFTA and WTO refer to
A)Organizations with expertise in business process improvement.
B)Laws and organizations which regulate international trade.
C)Laws and regulations regarding sustainability.
D)Organizations and trade groups that work for global economic development.

Question

Quizplus · Accepted Answer

NAFTA (North American Free Trade Agreement) and WTO (World Trade Organization) both refer to laws and organizations which regulate international trade. NAFTA specifically focuses on trade between Canada, Mexico, and the United States, while WTO oversees trade between many countries around the world. Both aim to facilitate free trade and reduce barriers to trade among member countries.

NAFTA and WTO Refer to