1. Free Trade Agreements

2. Free Trade Agreements
Why Bother?

3. International Institutions
- WTO
 Predecessor of GATT
 Mission to increase and facilitate free and fair trade
 164 Members
 Common Rules on Trade Related Issues
 Binding Decisions
 Enforcement through Ostracism and Diplomatic Pressure
- IMF
- World bank

4. Trade Agreements - Free Trade Area Elimination of Tariffs and Quotas
- Customs Union
Common External Tariff and Quota System
- Common Market
Free Movement of Capital, Labor, and Goods
- Economic Union
Harmonization of Economic and Social Policies

5. Trading Blocks  NAFTA  EU  MERCOSUR  CEFTA  ASEAN CARICOM
ANDEAN COMMUNITY
SICA

6. North American Free-Trade Area (NAFTA)
Canada
United States
Mexico

7. European Union