MGMT 101 Lecture Notes - Lecture 7: North American Free Trade Agreement, Santa Barbara City College, Gross Domestic Product
Document Summary
America: trade with canada and mexico now accounts for 1/3 of the us total, up from. As well as being dialogue partners to asean and members of apec, they have their own free trade agreement. The australia new zealand closer economic relations trade agreement (cer) Came into effect on 1 january 1983 with objective of increasing trans-tasman economic relations, including the removal of tariff and licensing restrictions affecting trade between two countries. The free trade aspect of cer was achieved in 1990 and since the focus has been on increasing the harmonisation of policies, laws and regulatory regimes. In 2011, an investment protocol was agreed that raised the value below which business investment from one country going to the other would be excluded from the need for regulatory approval. Besides joining together in trade blocs, countries will extend trading privileges to each other.
