An agreement among a group of countries that allows for tariff- free trade among the members but leaves each member free to levy its own tariffs on imports from other countries is called a

Question

Quizplus · Accepted Answer

A free-trade area is an agreement among countries that allows for tariff-free trade among its members. However, each member remains free to levy its own tariffs on imports from non-member countries. In a free-trade area, there is no common external tariff.

An Agreement Among a Group of Countries That Allows for Tariff-