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Acronyms that contain the term trade bloc
What does trade bloc mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: trade bloc.
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What does trade bloc mean?
- Trade bloc
- A trade block is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states. Trade blocs can be stand-alone agreements between several states (such as the North American Free Trade Agreement) or part of a regional organization (such as the European Union). Depending on the level of economic integration, trade blocs can be classified as preferential trading areas, free-trade areas, customs unions, common markets, or economic and monetary unions.
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"trade bloc." Abbreviations.com. STANDS4 LLC, 2024. Web. 7 May 2024. <https://www.abbreviations.com/trade%20bloc>.
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