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Exam 3 International ECN
INTERNATIONAL ECN
4
Economics
Undergraduate 3
07/29/2011
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Term
Free Trade Area
 Definition
Free trade among the members
Term
Customs Union
 Definition
Free trade among the members & Common external tariffs
Term
Rules of origin
 Definition
Determines which products have been produced within a free-trade area and which products have been produced outside the area and therefore are subject to trade barriers.
Term
North American Free Trade Agreement (NAFTA)
 Definition
Free trade area between US, Canada, and Mexico
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