Apart from the WTO, most international trade is governed by more specific international agreements: bilateral trade agreements and:
Correct answer: C. regional trade agreements
- A. global trade agreements
- B. reciprocity
- C. regional trade agreements
- D. interdependence
Explanation
Besides bilateral agreements, regional trade agreements such as the European Union and USMCA regulate trade among groups of countries. Reciprocity is a principle of trade bargaining, not a category of agreement.
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