Which of the following is most accurate in regards to the Asian free trade agreements?
A) Efforts to liberalize trade in East Asia are growing.
B) Asian free trade agreements are more formal than those of the EU and NAFTA.
C) Asian free trade agreements are based on ethnicity rather than geographical borders.
D) Asian free trade agreements encourage the formation of multinational corporations.
E) Asian free trade agreements recently include India and China.

Question

Quizplus · Accepted Answer

Efforts to liberalize trade in East Asia are growing, with initiatives such as the ASEAN Free Trade Area (AFTA) and the Regional Comprehensive Economic Partnership (RCEP) aiming to reduce barriers and increase economic integration among Asian countries. Choices B, C, D, and E are not accurate or are incomplete statements.

Which of the Following Is Most Accurate in Regards to the Asian