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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

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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 but maintain tariffs against countries outside the region. 0 0 Regional trade agreements are consistent with GATr's most favored nation principle. 0 O NAFI'A member countries maintain a common schedule of tariffs with countries outside NAFI'A. O O A good imported into Mexico from China will not be granted duty-free access to the U.S. market if no value is added to this good in Mexico. 0 0 Rules of origin specify the types of goods that can be shipped duty-free within a free trade area. 0 O The countries within a customs union agree to a common schedule of tariffs with countries outside the union. O O Grade It Now Save 8: Continue Continue without saving

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