Smaller nations may seek safe haven trading arrangements with larger nations when future access to that market seems uncertain.This was reason for the formation of

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The formation of a customs union, such as NAFTA, would provide a safe haven trading arrangement for smaller nations like Greece with larger nations like the United States and Canada. This would offer Greece a predictable and secure market for their imports and exports, reducing uncertainty about future access to that market. The WTO and GATT are international organizations that promote free trade and reduce trade barriers, but they do not offer the same level of security as a customs union. The Council for Mutual Economic Assistance (COMECON) was a trading bloc established among Soviet Union and its Eastern European satellite countries during the Cold War, and is now defunct.

Smaller Nations May Seek Safe Haven Trading Arrangements with Larger