The 27 member EU negotiates trade agreements as one.The EU and Brazil have negotiated a strategic trade alliance which is an example of a ________.
A)customs union
B)global free trade agreement
C)bilateral agreement
D)multilateral agreement

Question

Quizplus · Accepted Answer

A bilateral agreement is one between two parties, in this case, the EU and Brazil. A customs union involves a group of countries that establish a common external tariff, which is not the case with this agreement. A global free trade agreement and a multilateral agreement involve multiple countries, not just two.

The 27 Member EU Negotiates Trade Agreements as One