1. NAFTA
The free trade established by MERCOSUR also involves countries within South America. ... Before MERCOSUR there was ALALC, the Latin American Free Trade Association. ... Founded in 1980, it established economic preference zones instead of free trade. ... The free trade agreements established by the EFTA cover intra-EFTA trade, trade with the European Union, and free trade outside of the EFTA or EU. ... The success of free trade is unique to each individual trade organization. ...
- Word Count: 3714
- Approx Pages: 15
- Grade Level: Undergraduate