Question

european union is the best example of?
1. trade agreements
2. trade alliance
3. market grouping
4. exchange control ​

Answer 1

4 exchange control......

Answer 2

European Union(EU) is the best example of trade agreement.Hence,the correct answer is the 1st option in the answer choices or trade agreement.

Explanation:

• One of the main objective or purpose behind the formation of EU is to facilitate the international trade activities between its members in all conceivable capacities.
• The EU enforced standard and common trade policies based upon a collective agreement among its members which intend to improve the trade relations and coordination between the member countries.
• EU basically denotes a common regional trade agreement among the respective governments of its member countries to strengthen and facilitate any trade related or commercial practices and relation involving the respective countries,considering the economic benefits of all the concerned member countries.