Question: In the following table, indicate whether each statement about regional trade agreements is true or false. Statement True False Under regional trade agreements, several countries



In the following table, indicate whether each statement about regional trade agreements is true or false. Statement True False Under regional trade agreements, several countries eliminate tariffs among themselves and lower tariffs against all other countries. Regional trade agreements contradict GA'IT's most favored nation principle. Each NAFI'A member country keeps its own tariffs with the countries outside NAFI'A. A good that Mexico imports from China can be shipped dutyefree to the United States. Rules of origin specify the types of goods that can be shipped dutyfree within a free trade area. 00000 00000 Rules of origin are not needed in a customs union. \fAs a result of the North American Free Trade Agreement (NAFTA), electronics producers in Asia have to pay a U.S. tariff, while Mexican electronics producers do not. This tariff discrepancy has caused some electronics production to shift from Asia to Mexico. This is an example of
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