Trade blocs help countries by
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Increased foreign direct investment: An increase in foreign direct investment may result from the creation of trade blocs. This can benefit the economies of participating nations by creating jobs in new or expanded businesses. Trade Effects: Trade blocs eliminate tariffs, which drives down the cost of imports.
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A trading bloc is another potential barrier to international trade. A trading bloc is a group of countries that work together to provide special deals for trading. This promotes trade between specific countries within the bloc.
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