NAFTA - The North American Free Trade Agreement (NAFTA) was implemented to promote trade between the U.S., Canada, and Mexico. - The agreement of NAFTA is eliminating or lower tariff of three countries from 1 Jan 1994.

1. Lowered price - Lower tariffs also reduced import prices. Example: oil and food

2. Increased economic growth - U.S farm export to Canada and Mexico such as rice, soybean and beef.

3. Reduced government spending - It cut government budget deficits by allowing more competition and lower-cost bids.

WTO - World Trade Organization is global international organization dealing with the rules of tariff trade between nation. The aims is to help producers of good and services either exporter or importers to run their business in other country.

1. Cut living costs and raise living standards - because lowers trade barriers

2. Help countries develop - WTO system open trade that can boost economic growth.

EU- European Union is economic and political union between 27 European countries (France, Germany, Finland, Italy, Portugal, Greece). These countries came together under the same principles of stability, growth and mobility to make life, travel and business better, easier and safer for citizens of the Union

1. Peace and security - European citizens are aware of the EU’s role in bringing peace between European countries and between European countries and their neighbors.

2. Global power - 27 countries working together, The EU promotes cooperation and collaboration among European countries. European states also find it much easier to cooperate in an organization like the European Union.

ASEAN - Association of Southeast Asian Nations aims to promote economic and security cooperation among 10 countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam). ASEAN central role to form the world’s largest free trade agreement but ASEAN has a limited by a lack of strategic vision, diverging priorities among member states, and weak leadership

1. Cheaper goods and services - ASEAN given nations to do trade for goods and services. Tax on imported goods and services is lowered to nations.

2. Easy and cheaper travel - ASEAN provide travel services, plans to improve transportation within region, ASEAN give visa free entry to countries like Indonesia, Malaysia and Cambodia.