Mastering International Trade Agreements
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Questions and Answers

Which of the following is NOT a reason why countries negotiate Free Trade Agreements (FTAs)?

  • To increase foreign investment
  • For easier market access into one another's markets
  • To protect local exporters
  • To reduce or eliminate customs tariff and nontariff barriers (correct)

    • What do Free Trade Agreements (FTAs) normally cover?

  • Trade in goods only
  • Trade in goods and services (correct)
  • Intellectual property rights (IPRs) only
  • Trade in services only

    • What is the value of the Air India-Boeing Deal mentioned in the text?

  • $1 million
  • $34 billion (correct)
  • $1 trillion
  • $220 billion

    • What is the significance of the Air India-Boeing Deal according to Joe Biden?

    <p>It will create 1 million jobs in the US</p> Signup and view all the answers

    What is one of the areas that FTAs can cover other than trade in goods and services?

    <p>Labor rights</p> Signup and view all the answers

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