A ________ is a group of states that have reduced or eliminated tariffs among themselves but that maintain their own individual tariffs in dealing with other states.

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A free trade area is a group of states that have reduced or eliminated tariffs among themselves but that maintain their own individual tariffs in dealing with other states. A customs union, on the other hand, not only eliminates tariffs among its members but also establishes a common external tariff for non-members. The Harmonized System is a standardized system of names and numbers used to classify traded products, and the Wassenaar Arrangement is an agreement between countries to regulate the export of sensitive technologies.

A ________ Is a Group of States That Have Reduced