OPEC

  • Why it was formed
  • –To control oil production and price

  • Advantages
  • –Controls more than 40% of oil production

    –Impacts prices in the oil market

  • Disadvantages
  • –No control of oil prices or production

    NAFTA

  • Why was your economic organization formed?
  • –To remove trade barriers among member nations

  • What are some advantages of being in your economic organization?
  • –Dismantles trade barriers

    –Side agreements on various other issues

  • What are some disadvantages to those who are not in your economic organization?
  • –Trade Barriers

    –No input on issues that affect trade

    G20

  • Why was your economic organization formed?
  • –To remove trade barriers among member nations

  • What are some advantages of being in your economic organization?
  • –Dismantles trade barriers

    –Side agreements on various other issues

  • What are some disadvantages to those who are not in your economic organization?
  • –Trade Barriers

    –No input on issues that affect trade

    eu

  • Why was your economic organization formed?
  • –To promote lower trade barriers

  • What are some advantages of being in your economic organization?
  • –Import duties reduced

    –Trade discrimination eliminated

    –Forums for dealing with trade issues

    –Dispute resolution

  • What are some disadvantages to those who are not in your economic organization?
  • –High Import duties

    –Trade discrimination

    –No help with trade issues or dispute resolution

    wto

  • Why was your economic organization formed?
  • –To promote lower trade barriers

  • What are some advantages of being in your economic organization?
  • –Import duties reduced

    –Trade discrimination eliminated

    –Forums for dealing with trade issues

    –Dispute resolution

  • What are some disadvantages to those who are not in your economic organization?
  • –High Import duties

    –Trade discrimination

    –No help with trade issues or dispute resolution