Answers » Categories » Economics

What is the definition of international trade blocs?

international trade blocs


1 Answer

0 
A trading block contains countries that concluded a mutual preferential trade agreement, often a free trade agreement. Members of the block give each other reduced trade tariffs and impose trade barriers to nonmembers.

The world's largest trading block is the European Union.

Answer this question

by Anonymous - Already have an account? Login now!
Your Name:  

Your Answer:  
Source(s): (optional)

Enter the text you see in the image below
What do you see?
Can't read the image? View a new one.
Your answer will appear after being approved.

Ask your own question