Which of the following is defined as a group of countries committed to removing all barriers to the free flow of goods and services between each other, but pursuing independent external trade policies

Question

Joseph Armstrong

Geography

15 August, 07:23

Which of the following is defined as a group of countries committed to removing all barriers to the free flow of goods and services between each other, but pursuing independent external trade policies

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Answers (1)

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Hana Keith · Answer 1

(FTA) Free trade areas

Explanation:

A free trade areas are those areas or regions that are designed as trade blocs and have signed as a trade and such agreements involves the cooperation between at least two countries to reduce the trade barriers and the imports quotas and the tariffs. An increase the trade and free flow of the services between the member nations and also considered to be an open borderland and are related to the trading agreements and maintain an identical external tariff.