Economy, asked by hermione9324, 11 months ago

Why do country form themselve into reginal trade block?

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Answered by sheetal1979
0

Answer:

Regionalism − Trading blocs have bias in favor of their member countries. These economies establish tariffs and quotas that protect intra-regional trade from outside forces. ... Loss of Sovereignty − A trading bloc, particularly when it becomes a political union, leads to partial loss of sovereignty of the member nations.

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