Which of the following is most accurate in regards to the Asian free trade agreements?
A) Efforts to liberalize trade in East Asia have decreased as a result of the economic downturn in 2009.
B) Asian free trade agreements are based on ethnicity rather than geographical borders.
C) Asian free trade agreements encourage the formation of multinational corporations.
D) Asian free trade agreements recently include India and China.
E) Asian free trade agreements have reduced tariffs among countries and promoted trade.

Question

Quizplus · Accepted Answer

Asian free trade agreements have focused on reducing tariffs and promoting trade among member countries, rather than on ethnicity or geographic borders. While the economic downturn in 2009 may have temporarily slowed efforts to liberalize trade, the overall trend has been towards greater trade integration. India and China have also recently been included in various Asian free trade agreements.

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