Limit on the amount of a good Quota limits amount that can be allowed traded into a country internationally Prohibition on the no - against Embargo export or import of a certain products product or countries (Cuba) International agency that administers trade agreements, settles Trade trade disputes Organization btwn govts, WTO organizes trade Mediates trade negotiations, & disputes provides technical assistance & Promotes free training for trade developing countries North American Free Trade Agreement Agreement signed in 1993 to reduce tariffs NAFTA Trading bloc of btwn the US, North American Canada, & Mex countries N Amer US, – Canada, Mex Successor of the European Trading bloc Community EU of European established in 1993 countries by the Maastricht Treaty Group of ten Southeast Asian nations working to Trading bloc ASEAN promote regional of SE Asian cooperation, countries economic growth, and trade Organization of OPEC Petroleum Exporting Countries
Quota Limit on the amount of a good that can be allowed into a country limits amount traded internationally Embargo Prohibition on the export or import of a product no - against certain products or countries (Cuba) WTO International agency that administers trade agreements, settles trade disputes btwn govts, organizes trade negotiations, & provides technical assistance & training for developing countries Trade Organization Mediates trade disputes Promotes free trade NAFTA Agreement signed in 1993 to reduce tariffs btwn the US, Canada, & Mex North American Free Trade Agreement Trading bloc of North American countries N Amer – US, Canada, Mex EU Successor of the European Community established in 1993 by the Maastricht Treaty Trading bloc of European countries ASEAN Group of ten Southeast Asian nations working to promote regional cooperation, economic growth, and trade Trading bloc of SE Asian countries OPEC Organization of Petroleum Exporting Countries