What is the primary action that connects the world together?

TRADETRADE

Have you ever traded?

• What did you want?• What did you have to give up?• Was it a good trade for you?• Was it a good trade for the other person?• Did the two of you ever trade again?

Why do countries trade?

• Brainstorm answers to this question on the back of your World Trade Alliances worksheet.

World Trade Alliances

NAFTA• North American Free Trade Agreement

• Countries:• United States• Canada• Mexico

• Purpose:• Encourage free trade (no tariffs) on most good

originating in and traded between these countries

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EU• European Union

• Countries:• France• Germany• Italy• United Kingdom• Spain

• Purpose:• To promote economic and social progress and a high

level of demployment between these countries

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OPEC• Organization of Petroleum Exporting Countries

• Countries:• Iraq• Iran• Saudi Arabia• Qatar

• Purpose:• To control the production of oil and to establish

favorable oil prices for member nations

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OAS• Organization of American States

• Countries:• Brazil• United States• Mexico• Chile• Haiti

• Purpose:• To strengthen peace, seek solutions to political, judicial and

economic problems, and to promote economic and cultural development

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ASEAN• Association of Southeast Asian Nations

• Countries:• Vietnam• Thailand• The Philippines• Cambodia• Singapore

• Purpose:• Acceleration of economic growth,social progress, cultural

development, and protection of peace and stability of its member nations

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CARICOM• Caribbean Community and Common Market

• Countries:• Bahamas• Antigua• Jamaica• Guyana• Grenada

• Purpose:• To promote economic integration and cooperation

among its members and to coordinate foreign policy

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OAU• Organization of African Unity

• Countries:• Algeria• Nigeria• Morocco• Egypt• Ethiopia

• Purpose:• To promote unity, to achieve better lives for all African

people, to defend independence and to promote international trade

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