Final answer:
The statement is true; countries and companies engage in negotiations during business discussions to create trade agreements like NAFTA/USMCA, the EU, and the TPP, which are overseen by the WTO.
Step-by-step explanation:
True or false: During business negotiations, countries and companies negotiate with each other. This statement is true. Countries commonly engage in various bilateral and multilateral trade negotiations to establish agreements that can shape their economic relationships, often resulting in treaties like NAFTA/USMCA, the EU and the TPP. These trade deals often involve complex discussions and can have significant impacts on the domestic economy of each nation involved. The World Trade Organization (WTO) plays a critical role globally in facilitating trade agreements and resolving disputes among countries, promoting a freer trade environment internationally.
The statement is true; countries and companies negotiate with each other during business negotiations to form trade agreements such as NAFTA/USMCA, the EU, and the TPP.
Countries engage in negotiations to establish trade agreements, which can be either bilateral, involving two countries, or multilateral, involving multiple countries. These negotiations aim to increase trade by removing barriers such as tariffs and quotas. Major international treaties that result from these negotiations, such as the EU and NAFTA/USMCA, shape global commerce.