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Question
Country H wants to trade freely with some of the countries in the Asia-Pacific region.
This can be done by becoming a member of an international organistion. However, the organisation wants Country H to sign an agreement with its member countries.
Suggest:
(a) the international organisation Country H should join
(b) the type of agreement Country H should sign
Country H wants to trade freely with some of the countries in the Asia-Pacific region.
This can be done by becoming a member of an international organistion. However, the organisation wants Country H to sign an agreement with its member countries.
Suggest:
(a) the international organisation Country H should join
(b) the type of agreement Country H should sign
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Solution
The correct option is B (a) Asia-Pacific Economic Cooperation
(b) Multilateral trade agreement
The Asia-Pacific Economic Cooperation or APEC has its headquater in Queenstown, Singapore. Its main objective is to promote free trade and economic cooperation in the Asia-Pacific region. It also promotes regional and technical cooperation among members.
The member countries sign a multilateral trade agreement as more than two countries are trading with each other.
(b) Multilateral trade agreement
The Asia-Pacific Economic Cooperation or APEC has its headquater in Queenstown, Singapore. Its main objective is to promote free trade and economic cooperation in the Asia-Pacific region. It also promotes regional and technical cooperation among members.
The member countries sign a multilateral trade agreement as more than two countries are trading with each other.
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