Back كتلة تجارية Arabic Bloque comercial AST Ticarət bloku Azerbaijani Гандлёвы блок Byelorussian Bloc comercial Catalan Obchodní blok Czech Liste internationaler Wirtschaftsorganisationen German Bloque comercial Spanish Kaubandusblokk Estonian بلوک تجاری Persian
A trade bloc 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 USMCA) 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.[1]
- ^ Mansfield and Milner 2005, 333.