International Business Vocabulary

3. The government of the 37 democracies that function on market-based economies make policies to promote sustainable economic growth
4. A trade agreement between Canada, United States, Mexico
6. It is an organization that focuses their attention on the international economic and monetary issues regarding their group
8. It is catered towards the Asian pacific community to promote trade and prosperity between the countries and it focuses on trade investment liberation, business facilitation, and economic and technical co-operation
9. Made up of 186 countries and is a system created to help countries in need of monetary assistance for the time being. It’s like asking a bank for a loan, but used by the world
10. A fund to help the underdeveloped and poorer countries by providing loans and advising on adopting responsible economic policies
11. Decreasing the risk of exchange-rate fluctuations, price transparency, elimination of transaction costs, easy billing, increased markets, economic stability, enhanced labour movement

1. When two or more countries come together to make an agreement about trade regulations
2. Helps provide a platform where negotiations, create rules that benefit all the member countries which in turn allows for a smoother flow of goods and services between each of the countries, they also help solve any problems that may occur between the countries to resolve it in a peaceful way
5. To have the same financial currency to enhance free trade among the member countries
7. These organizations are set up to help with the flow of goods and services as enforceable treaties