BUS 082 Lecture Notes - Lecture 8: North American Free Trade Agreement, International Monetary Fund, General Agreement On Tariffs And Trade

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 082
• Professor: gradin

Document Summary

General agreement on tariffs and trade (gatt: major industrialized nations found this multinational organization in 1947 to reduce tariffs and relax import quotas. The world trade organization succeeded gatt: representatives from 157 countries, monitors gatt agreements and mediates international trade disputes. World bank: funds projects to build and expand infrastructure in developing countries. International monetary fund (imf: operates as lender to troubled nations in an effort to promote trade. North american free trade agreement (nafta now cusma) World"s largest free-trade zone: canada, united states, mexico. U. s. and canada are each other"s biggest trading partners. Central america-dominican republic free trade agreement (cafta-dr) Free-trade area among united states, costa rica, the dominican republic, el. Best-known example of a common market; 27 member countries. Goals include promoting economic and social progress, introducing european citizenship as complement to national citizenship, and giving eu a significant role in international affairs. Analyzing the expenditures required to enter a new market.