Which 1991 treaty established Mercosur as a common market among Argentina, Brazil, Paraguay and Uruguay?
Answer
Treaty of Asunción
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Which 1991 treaty established Mercosur as a common market among Argentina, Brazil, Paraguay and Uruguay?
Answer
Treaty of Asunción
Which 1860 treaty created the first modern free-trade agreement between Britain and France?
Answer
Cobden–Chevalier Treaty
Which trade route carried silk, spices and other goods between China and the Mediterranean world?
Answer
Silk Road
Which organization sets production quotas and coordinates petroleum policies among its member countries?
Answer
OPEC
Which city has hosted the headquarters of the World Trade Organization since 1995?
Answer
Geneva
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Which 1860 treaty created the first modern free-trade agreement between Britain and France?
Answer
Cobden–Chevalier Treaty
Which agreement became the world’s largest free-trade bloc when it entered into force in 2022?
Answer
Regional Comprehensive Economic Partnership
Which free-trade agreement replaced NAFTA in 2020?
Answer
USMCA
Which 1947 agreement formed the original framework for reducing tariffs in world trade?
Answer
General Agreement on Tariffs and Trade
What economic term describes a country exporting more goods than it imports?
Answer
Trade surplus