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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 and lower tariffs against all other countries. Under GATT, countries can enter into regional trade agreements if they do not jointly increase their tariffs against outside countries. The countries of the European Union (EU) maintain a common schedule of tariffs with countries outside the EU. O A good that Mexico imports from China can be shipped duty-free to the United States. Countries that enter into a free trade area agreement maintain a common schedule of tariffs with countries outside the agreement. Customs unions have complex rules of origin that specify what types of goods can be shipped duty-free within the union. O