Name the countries or group of countries known as g3 economics
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G3 economics also termed as a group of three countries and includes Columbia, Venezuela and Mexico.
It is the trade agreement among the three countries to promote trade. It was started in 1995 and based on the agenda to lower the tariffs below 10% over the next 10 years. It was intended to encourage investment and trade among the signatory countries.
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Mexico, Colombia and Venezuela are countries or group of countries known as G3.
Explanation:
- The G3 or the group of three is a 10-year free trade agreement that was signed between Mexico, Venezuela, and Colombia that is central and southern America.
- This agreement lasted till 2005 and started in 1995. The agreement involved the setting of IP rights, public sector investment, and trade restrictions. All of these three nations continued to do free trade for 9 more years.
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