Trading blocs encourage trade relations between their members, but through their rules and standards, and the incentives they provide for mutual trade, they also affect the trade and investment flows of non-member countries.

Question

Quizplus · Accepted Answer

Trading blocs can have both positive and negative impacts on non-member countries' trade and investment flows due to the preferential treatment given to member countries and the development of common policies and regulations.

Trading Blocs Encourage Trade Relations Between Their Members, but Through