Question

One function of both the north erican free trade agreement and the eurpean union is to

Answer 1

The North American Free Trade and European Union aimed to promote economic growth thru free trade. The European Union aimed to become a custom union. They want to integrate with other countries. They have a common currency, which is Euro. They abolished trade barriers and created a common external tariff. Their stategies, allows the companies to plan their entry product, where to produce it and promote unity with other countries. The North American Free trade aimed to abolished tariffs and give investment oppurtunities and trade in with other countries. Their main provision is to harmonze countries that are under the agreement, foreign investment oppurtunities as well as strengthening the environment and settle dispute by law properly..