Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Nations sometimes form free-trade associations and establish areas where there are few, if any, export and import duties or other regulations that would act as barriers to trade among partners. These are called:

Sagot :

Parrain

When this is formed by nations to advance trade it is referred to as a Free Trade Area.

What is a free trade area?

  • A zone comprising of several nations where they don't charge each other much customs/ import duties.
  • Allows for easier trade.

The purpose of a free trade area is to encourage trade amongst members but it can lead to a few members dominating if they produce more than the other members.

Find out more on free trade areas at https://brainly.com/question/8515719.

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.