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European Union and other trade organizations

1. What is the European Union and how has it affected trade?

2. What is the role of the World Trade Centers Association?

3. What is NAFTA? How has NAFTA helped improve trade among North American nations?

4. What is the EFTA? How has the EFTA helped improve trade among European nations?

5. What is VAT and how is it significant when importing into Europe?

Solution Preview

1. What is the European Union and how has it affected trade?

An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members which include 27 countries. It has affected trade in that is used to establish economic stability.

2. What is the role of the World Trade Centers Association?

The World Trade Centers Association (also abbreviated as: WTCA) founded in 1970, is a not-for-profit, non-political association dedicated to the establishment and effective operation of World Trade Centers (WTCs) as instruments for trade expansion representing 302 members in 85 countries. The WTCA is an unofficial umbrella trade association that unites corporations and government agencies in international trade. The WTCA's founding principles are:
? To encourage the expansion of world trade;
? To promote ...

Solution Summary

European Union and other trade organizations are analyzed in the solution. What NAFTA is is explained.

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