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BENEFITS - Coggle Diagram
BENEFITS
NORTH AMERICAN FREE TRADE AGREEMENT(NAFTA)
Lowered prices
Helped with government spending
Created jobs
Increased economic output
EUROPIAN UNION (EU)
No conflict between affiliate nations
Common currency reducing currency exchange fluctuation
Creates a sense of unity
Laws are imposed by European committee and parliament
No tariffs and free trade within Union
EU opened up job opportunities
WORLD TRADE ORGANIZATION (WTO)
Increases in foreign trade
Increase in inflow of foreign investment
Freer trade cuts the costs of living
Increase in agriculture exports
ASEAN
Reduced importer costs
Improved customs clearance times
Increased access to a wide range of products eligible for preferential treatment
Less complicated trade procedures