Economy, asked by StarTbia, 1 year ago

Discuss the merits of trade blocs in the classroom.

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Answered by aqibkincsem
0
The trade bloc is defined as the agreement with the government or any organization which helps in eliminating the trade barriers (including tariff/non-tariff) for the participating states.

ASEAN, EU, MERCOSUR and NAFTA. ASEAN are four major trade blocs which are crucial for the market world.

Adhering to the united nation the goal of trade blocs is to provide stability and peace among the regions which will eventually lead to development in many counties in terms of social and cultural.
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