The form of economic cooperation that calls for countries to eliminate all internal barriers to trade among themselves even while maintaining independent trade policies vis-à-vis third countries is known as a(n)________.

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This form of economic cooperation is known as a free trade area, where member countries eliminate internal barriers to trade but maintain their own trade policies with non-member countries. Economic union involves not just the elimination of barriers to trade but also the harmonization of economic policies among member states, while a customs union entails the establishment of a common external tariff on goods imported from non-member countries. A common market goes beyond the free movement of goods and services to also include labor and capital mobility among member states.

The Form of Economic Cooperation That Calls for Countries to Eliminate