Country X and Country Y sign an agreement to drop trade barriers among themselves.But both countries agree that each country should be allowed to maintain independent trade relations with other countries.This is an example of a(n)____.

Question

Quizplus · Accepted Answer

This is an example of a free trade area as it involves the elimination of trade barriers between two countries while still allowing them to conduct independent trade with other countries.

Country X and Country Y Sign an Agreement to Drop