Define NAFTA, the European Union, and MERCOSUR. What are trade sanctions and embargos. List and describe an example...

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Define NAFTA, the European Union, andMERCOSUR.
What are trade sanctions and embargos.
List and describe an example of a global company thatfaces ethical issues for its operations outside theUS.

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Answering Question 1 only NAFTA is an acronym for the North American Free Trade Agreement which came into effect on 1st January 1994 to lift all taxes on exports and imports on virtually all goods being traded among the 3 countries the US Canada and Mexico The primary objective of this agreement was to make it easier and promote business for companies across borders in these 3 countries This would boost economic integration and increase economic prosperity in all the 3 nations concerned The European Union is a group of 28 See Answer

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