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Section 3

International Trade Agreements and Organizations

Book Version 6
By Boundless
Boundless Business
Business
by Boundless
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8 concepts
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The General Agreement on Tariffs and Trade (GATT)

The General Agreement on Tariffs and Trade (GATT) is a multilateral agreement regulating international trade.

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The European Union

The European Union (EU) is an economic and political union made up of 27 member states that are located primarily in Europe.

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The North American Free Trade Agreement (NAFTA)

NAFTA is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.

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The Asia-Pacific Economic Cooperation

APEC is a forum for 21 Pacific Rim countries that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region.

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The World Bank

The World Bank is an international financial institution that provides loans to developing countries for various programs.

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The International Monetary Fund (IMF)

The IMF seeks to promote international economic cooperation, international trade, employment, and exchange rate stability.

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Common Markets

A common market is the first stage towards a single market and may be limited initially to a free trade area.

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The Export-Import Bank of the United States

The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.

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