NAFTA and CAFTA-DR Concepts

The video tutorial covers regional trade organizations, focusing on NAFTA and CAFTA-DR, their purposes, and functions. It also discusses political issues affecting SAARC participation and provides information on the upcoming UTS exam.

What does NAFTA stand for?

• Northern American Free Trade Agreement

• North American Free Trade Agreement

• National American Free Trade Agreement

• North Atlantic Free Trade Agreement

Which countries are part of NAFTA?

• Canada, Mexico, Brazil

• USA, Mexico, Brazil

• USA, Canada, Brazil

• USA, Canada, Mexico

What is one of the main objectives of NAFTA?

• To create a single currency

• To restrict imports

• To promote free trade among member countries

• To increase tariffs

What is required for exporters to benefit from tariff reductions under NAFTA?

• Business License

• Certificate of Origin

• Tax Identification Number

• Passport

What does CAFTA-DR stand for?

• Central Australia Free Trade Agreement-Dominican Republic

• Central Africa Free Trade Agreement-Dominican Republic

• Central America Free Trade Agreement-Dominican Republic

• Central Asia Free Trade Agreement-Dominican Republic

Which country joined CAFTA-DR in 2004?

• Dominican Republic

• Chile

• Brazil

• Argentina

What is a key requirement for service providers under CAFTA-DR?

• They must use local suppliers

• They must hire only local employees

• They must pay higher taxes

• They must open a local office

What is prohibited under CAFTA-DR regarding financial services?

• Quantitative restrictions on market access

• Opening new banks

• Investing in foreign stocks

• Hiring foreign managers

Why did India and Bangladesh boycott the SAARC summit?

• Due to economic disagreements

• Due to environmental issues

• Due to health concerns

• Due to political conflicts with Pakistan

What will the UTS cover?

• From the first chapter to the chapter on technology

• From the first chapter to the chapter on international response

• Only the first chapter

• Only the chapter on technology