in a(n) blank , there are no tariffs or quotas when members trade, and each member maintains its own external tariff on goods arriving from countries in the rest of the world.

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02-09-2022
Business

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in a(n) blank , there are no tariffs or quotas when members trade, and each member maintains its own external tariff on goods arriving from countries in the rest of the world.

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Tundexi Tundexi · Answer 1 · 2022-09-07T18:36:31+02:00

In a free trade area, there are no tariffs or quotas when members trade, and each member maintains its own external tariff on goods arriving from countries in the rest of the world.

What is a free trade area?

These areas are related among the group of countries that are committed to removing all barriers to the free flow of goods and services between each other but also pursuing an independent external trade policies.

In these area, there are usually no tariffs or quotas when members trade and each member maintains its own external tariff on goods arriving from countries in the rest of the world.