The type of economic integration you are referring to is commonly known as a free trade area. In a free trade area, member countries agree to eliminate tariffs, quotas, and other trade barriers on goods and services traded among them, while maintaining their own trade policies regarding non-member countries. Examples of free trade areas include the North American Free Trade Agreement (NAFTA) and the European Free Trade Association (EFTA).
The name for a type of economic integration by countries that agree to allow trade without restrictions among member countries
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