Importance of role regional bloc play


Objective: Research and identify the importance of the role regional bloc's play in Global-International Commerce.

What is required?

1. Research the websites and answer the following questions regarding Regional Bloc Trading: Google the Regional Blocs

Answer the following questions regarding the European Union (EU):

1. What is the EU?

2. What is the Court of Justice?

3. What is the EU Central Bank?

4. What does the Union do?

5. What are the six achievements of the single-market-to-date?

6. How large is the EU?

Answer the following questions regarding NAFTA:

1. What are regional trading blocs?

2. What is NAFTA?

3. How are trading disputes settled under NAFTA?

4. Has NAFTA been a success for all three countries?

5. What is the current monetary value of trading between the three nations?

Answer the following questions regarding CAFTA:

1. What is CAFTA? What six countries comprise this regional bloc?

2. What are fast track negotiations?

3. What is an Asymmetric Agreement?

4. What were some of the issues cited for opposition to CAFTA?

5. Based on the present results related to overall commerce; do you feel this agreement has been better or worse for the United States?

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Failure to turn in on due date will result in a loss of ten points

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