Which of the following is often used to describe regional trade
Agreements that discriminate, giving better tariff treatment to
Other nations in the agreement over outside nation?
A)superregionals
B)preferential trade agreements
C)exclusive trade arrangements
D)equity trade agreements

Question

Which of the following is often used to describe regional trade
Agreements that discriminate, giving better tariff treatment to
Other nations in the agreement over outside nation?
A)super­regionals
B)preferential trade agreements
C)exclusive trade arrangements
D)equity trade agreements

Quizplus · Accepted Answer

Preferential trade agreements are agreements between countries that give preferential treatment, such as lower tariffs, to each other's goods and services over those of non-member countries. This can be seen as discriminatory towards outside nations, but it is a common practice in regional trade agreements.

Which of the Following Is Often Used to Describe Regional