Economics · International Trade

A formal agreement between a group of countries to reduce or eliminate trade barriers among themselves is known as a:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Free Trade Zone
2Customs Union
3Common Market
4Trading Block✓

Correct answer

Trading Block

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A formal agreement between a group of countries to reduce or eliminate trade barriers among themselves is known as a:

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A formal agreement between a group of countries to reduce or eliminate trade barriers among themselves is known as a:

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