The countries of mimbo, juwan, and ninot agreed to remove all barriers to the trade of goods and services among each other. however, the three countries agreed that each would be allowed to determine its own trade policies with regard to nonmembers. the economic integration among these three countries is a (n)

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Savannah Trevino

Business

20 November, 21:16

The countries of mimbo, juwan, and ninot agreed to remove all barriers to the trade of goods and services among each other. however, the three countries agreed that each would be allowed to determine its own trade policies with regard to nonmembers. the economic integration among these three countries is a (n)

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Deja Henson · Answer 1

In a situation described in the question where member countries remove all barriers to the trade of goods and services with other member countries, but are permitted to establish their own policies with non-member countries Is known as an economic partnership.

Riya Hale · Answer 2

I would say that what these three countries are proposing a form of free trade by removing tariffs so that they will allow products from the other 2 countries to enter their economy freely and this can work provided that each country has strong and unique products that the other countries will buy without damaging the economy of any of the countries.