1. NAFTA
... part of GATT. GATT as a whole is based on principles that ensure all participating countries receive benefits. These principles include nondiscrimination, protection of domestic industries and provision of stable basis for trade (Congressional Digest 258). With such a solid foundation, the policies of GATT have taken force. Much like NAFTA, GATT proposes to increase trade through the reduction of tariffs. ... countries throughout Western Europe. It was initially formed in 1960 by Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and the UK. The overall objective of the EFTA and of...
- Word Count: 3714
- Approx Pages: 15
- Grade Level: Undergraduate