_____________________ is a macro-regional bloc where trade restrictions between member states are removed, but states retain their individual trading arrangements with nonmembers

Question

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A free-trade area is a group of countries that have agreed to eliminate tariffs, quotas, and preferences on most (if not all) goods between them. However, unlike a customs union, the member states of a free-trade area do not have the same policies on trade with non-member countries, allowing each country to have its own external trade policy.

_____________________ Is a Macro-Regional Bloc Where Trade Restrictions Between Member