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Erstellt von 007856-Gemma Erskine
vor mehr als 7 Jahre
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Frage | Antworten |
Regional Trade Agreement | Refer to a group of countries which agree to reduce or eliminate tariffs and quotas |
Preferential Trading Area | Allow certain types of products from countries to have a reduced tariff rate |
Free trade area | exists where member remove all trade barriers such as tariffs and quotas but keep barriers against non members. |
Custom Union | Common set of barriers against non members |
Common Markets | Goods, Labour and capital can move more freely across members states. Workers can relocate from one country to another without restriction. Work together on economic and political policies |
Single Markets | Builds on from a common market, all trade barriers have been removed and common laws and policies. |
Economic Unions | A type of trade bloc involving both a custom union and a common market |
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