Nafta & Eu

Running head : NAFTA EUNameUniversityCourseTutorDateIntroductionEuropean inwardness (EU ) and North the Statesn unloosen change in area (NAFTA ) are economic integration blocs which influences to a great deal the global economic activities . European Union is much larger than NAFTA comprising of 15 member states and a world of about 370 million people . NAFTA is made up of 3 countries with a population of 400 million people and has a GDP of about 11 trillion while EU has a GDP of 9 trillion . The two work blocs influence much of the global trade policies (Dominguez , 2007This will guess the major similarities and differences of NAFTA and EU trading blocsEuropean Union and NAFTANAFTA , an acronym for North America free trade treaty is a trade agreement between the North America , Mexico and Canada . This trade agreement came into squash in the year 1994 .

Its main agenda is to increase trade amongst the member states and to increase economic development in this part . It sought to reduce trade barriers by eliminating tariffs to encourage bespeak investment . However , NAFTA is not a form of impost union because all the tierce member countries impose several(predicate) tariffs on nations not member to this agreement . Also the three member states are allowed to form other free trade agreements with different countries . Another significant feature of NAFTA members is that they still uphold their own currencies and the mobility of people is not free . The main intent of NAFTA agreement is to enhance...If you want to get a full essay, secern it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .