European Union (EU) and Preferential
Select either the European Union (EU) or the North American Free Trade Arrangement (NAFTA), and answer the following questions based on your selection:
What is the purpose of a regional trading arrangement (RTA)?
Why would each country/region agree to one?
How has each of the countries in the EU or NAFTA (based on your selection) benefited or not benefited from the arrangement?
Make sure you answer in complete sentences providing as much detail as needed, and cite as examples to support your answers any recent activities that have occurred from the RTA in the countries/region you have selected.