Economics · International Trade
In international economics, the concept of 'Open Regionalism' implies that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A country can join an RTA only with 100% agreement on fixed tariff rates
- 2Regional integration agreements lower internal barriers while remaining non-discriminatory toward non-members✓
- 3Regional trade agreements are restricted only to contiguous geographic neighbors
- 4Member countries must unanimously ban imports from non-member countries
Correct answer
Regional integration agreements lower internal barriers while remaining non-discriminatory toward non-members
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice International Trade MCQs →Want more practice questions on International Trade?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · International Trade