Economic blocs integrate the economic and political activities of nations.

Question

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Economic blocs, such as the European Union and the African Continental Free Trade Area, aim to reduce barriers to trade and investment among member countries and promote economic cooperation. This often involves coordination of economic and political activities, such as setting common trade policies and regulations, establishing common institutions, and facilitating the movement of goods, services, and people across borders.

Economic Blocs Integrate the Economic and Political Activities of Nations