The primary purpose for establishing trade blocs is to:

Question

Quizplus · Accepted Answer

The primary purpose of trade blocs is to remove trade barriers between member countries in order to promote free trade and economic cooperation. This may include eliminating tariffs, quotas, and other barriers to trade. While trade blocs may establish common methodology for transportation of goods and reporting regulations for trade within the bloc, these are secondary goals to the main objective of removing trade barriers. Organizing and establishing common currency exchange rates is not a primary purpose of trade blocs, although some trade blocs may adopt a common currency (such as the Eurozone).

The Primary Purpose for Establishing Trade Blocs Is To