The World Trade Organization's efforts to promote trade liberalization globally

Question

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The formation of a customs union, depicted in Figure 8.1, leads to a reduction in imports from non-member countries due to the imposition of tariffs or other trade barriers on non-members. This can make it more difficult for the World Trade Organization to promote trade liberalization globally as it may lead to retaliation or protectionist policies by non-member countries.

The World Trade Organization's Efforts to Promote Trade Liberalization Globally