1. Regional trade agreements 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 C) 0 countries. Regional trade agreements are permitted under GATT. Q Q The countries of the European Union (EU) maintain a common schedule of tariffs with countries outside the EU. C) C) A good imported into Mexico from China will not be granted dutyfree access to the U.S. market if no value is added to this good C) C) in Mexico. Countries that enter into a free trade area agreement maintain a common schedule of tariffs with countries outside the O O agreement. Customs unions have complex rules of origin that specify what types of goods can be shipped duty-free within the union. 0 Q)