Q.37 Positive impact of trading bloc
does not include
O Common external barriers
O Trade creation
O Competition
O Economic growth
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Explanation:
A regional trading bloc is a group of countries within a geographical region that ... Free Trade Areas (FTAs) are created when two or more countries in a region agree to reduce or eliminate barriers to trade on all goods coming from other members. ... the acceptance of a common (unified) external tariff against non-members.
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