Types of International Agreements affecting US Trade

The video discusses the United States' international agreements, focusing on treaties of friendship, commerce, and navigation, which have largely been replaced by bilateral investment treaties (BITs). These agreements address tariffs, customs, and duties related to the import and export of goods. NAFTA, a well-known agreement, facilitates free trade between the US, Canada, and Mexico. The video also lists countries with which the US has bilateral agreements, highlighting the reduction of regulatory hurdles and taxes.

What was the primary focus of the older treaties of friendship, commerce, and navigation?

• Military alliances

• Cultural exchanges

• Sale or shipment of goods

• Environmental protection

What has largely replaced the older treaties of friendship and commerce?

• Cultural exchange programs

• Bilateral investment treaties

• Multilateral trade agreements

• Environmental accords

How many bilateral investment treaties does the US have with other countries?

• More than 50

• More than 40

• More than 30

• More than 20

Which countries are part of the NAFTA agreement?

• United States, Canada, Mexico

• United States, Brazil, Argentina

• United States, United Kingdom, France

• United States, China, Japan

Which of the following countries does NOT have a bilateral agreement with the US?

• Peru

• India

• Morocco

• Australia