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What do you mean by NAFTA, APEC and MERCOSUL?

What do you mean by NAFTA, APEC and MERCOSUL?

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Answer #1

NAFTA : NORTH AMERICAN FREE TRADE AGREEMENT

explanation : It is an agreement signed by United States, Canada , Mexico which creates a trilateral trade bloc in North America .

APEC: ASIA PACIFIC ECONOMIC COOPERATION

explanation : It is a regional group agreement signed by 21 nations ( Asian and pacific nations) for making international trade free inbetween Asia and pacific region .

MERCOSUL : It is a American regional economic organization. Its head quarter is located in Montevideo, Uruguay . Its main purpose is to promote free trade and the smooth movements of goods , people and currency. It helps for harmonization of the economic policies of its members and the promotion of economic development .

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