Question

The North American Free Trade Agreement (NAFTA) and the general agreement on trade and tariffs (GATT) have encouraged countries to -

Answer 1

Answer:

Participate in the global economy, is the right answer.

Explanation:

An agreement approved by Mexico, Canada and the U.S. establishing a trilateral trade bloc in North America is known as the North American Free Trade Agreement or NAFTA. This agreement came into being on 1st January 1994.

The General Agreement on Tariffs and Trade or GATT was created in the year 1947 to make the international trading system more liberalize and regulated. The GATT was a legal agreement among many countries who all intended to promote the global trade by eliminating trade barriers i.e. quotas and tariffs.

Therefore, the main objective of NAFTA and GATT is to encourage various countries to participate in global trade.