The Global Marketplace(cont The Trade Partnerships North American Free Trade Association (NAFTA) Latin American Free Trade Association (LaFTA South american Free Trade Association(MERCOSUL European Union (Eu) Association of South-East Asian NationS (ASEAN)The Global Marketplace (cont.) • The Trade Partnerships – North American Free Trade Association (NAFTA) – Latin American Free Trade Association (LAFTA) – South American Free Trade Association (MERCOSUL) – European Union (EU) – Association of South-East Asian Nations (ASEAN)