An example of a trading bloc is which of the following?

Question

Quizplus · Accepted Answer

The North American Free Trade Agreement (NAFTA) countries (Canada, Mexico, and the United States) are an example of a trading bloc. They have reduced trade barriers between them to increase economic cooperation and competitiveness. Free trade zones (B) are areas where goods can be imported, manufactured, and exported with reduced or no taxes, but they are not necessarily a trading bloc. ISO-9000 companies (C) have implemented quality management standards, and the American Production and Inventory Control Society (D) promotes education and certification for supply chain professionals, but these are not examples of trading blocs. Wal-Mart and its suppliers (E) have a retailer-supplier relationship but do not form a formal trading bloc.

An Example of a Trading Bloc Is Which of the Following