About this document
Understanding Preferential Trade Areas by Полина Устинова is a document available to read on EtoBox.
Regional trading blocs aim to reduce trade barriers between member countries while erecting barriers against non-members. There are several types of trading blocs that involve progressively deeper integration, including preferential trade areas, free trade areas, and customs unions. Customs unions not only eliminate trade barriers between members but also adopt a common external tariff. While customs unions increase trade between members, they can also divert trade away from more efficient non-members and r
- Author
- Полина Устинова
- Language
- EN