#RFB-11000245Reading: Fill in the BlanksAcademic,CoreMedium

Tariffs and Trade

Official Question Material
Prep: Varies

Over the years, to increase trade, many countries have created free trade agreements with other countries. [blank] the framework of the General Agreement on Tariffs and Trade and World Trade Organization, countries opened up their borders and agreed to [blank] trade barriers, which saw the emergence of International Trade and expanded economic globalization. For example, in 1994, the United States, Mexico, and Canada signed the North American Free Trade Agreement (NAFTA), which ultimately [blank] all tariffs on trade goods between the three nations. This [blank] globalization of goods and services, as well as people and ideas, between these three countries.

Sample Answer & Audio Transcript

Over the years, to increase trade, many countries have created free trade agreements with other countries. Under the framework of the General Agreement on Tariffs and Trade and World Trade Organization, countries opened up their borders and agreed to remove trade barriers, which saw the emergence of International Trade and expanded economic globalization. For example, in 1994, the United States, Mexico, and Canada signed the North American Free Trade Agreement (NAFTA), which ultimately removed all tariffs on trade goods between the three nations. This allowed globalization of goods and services, as well as people and ideas, between these three countries.
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