Section 3
International Trade Agreements and Organizations
By Boundless
The General Agreement on Tariffs and Trade (GATT) is a multilateral agreement regulating international trade.
The European Union (EU) is an economic and political union made up of 27 member states that are located primarily in Europe.
NAFTA is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.
APEC is a forum for 21 Pacific Rim countries that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region.
The World Bank is an international financial institution that provides loans to developing countries for various programs.
The IMF seeks to promote international economic cooperation, international trade, employment, and exchange rate stability.
A common market is the first stage towards a single market and may be limited initially to a free trade area.
The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.