Question

Look at the map showing the European Union (EU) and countries with which it has free-trade agreements (FTAs). The pending agreements are

concentrated in North America
concentrated in Southeastern Asia
mostly located in South Africa
spread across several continents

Answer 1

The North American Free Trade Agreement (NAFTA) among the United States, Canada and Mexico went into effect on January 1, 1994. It is the first trade agreement the United States has entered into with a geographically-close developing country and has raised concerns about its economic effect, particularly on U.S. communities and workers. Since the mid-1980s, when Mexico began reducing trade restrictions, the U.S. and Mexican economies have become more highly integrated. This is evidenced by the rapid growth in U.S. merchandise trade with Mexico, which is now 12% of all U.S. trade

Explanation: