Question

Which of the following organizations is a trade organization?

 

CENTO

EEC

SEATO

NATO
​

Answer 1

EEC SAMJHE YAAR OK XD BYEEE

Answer 2

(b) EEC is a trade organization.

Definition of EEC;

EEC- European economic community is the trade organization to eliminate trade barriers.

Features of EEC;

• EEC is a common market for the elimination of trade barriers in the movements of goods and services.
• It includes goods, services, capital, and labour in the market competition.
• Later on it developed into European union to maintain mobility and growth.
• It provides freedom to move goods freely in order to eliminate trade barriers and established an internal market.
• It provides protection and social justice to each individual.

Therefore, european economic community is the trade organization to maintain and sustain the economic grwoth.