Members of the Andean Community (CAN)have a common external tariff.CAN is most likely a ________.
A)free trade agreement
B)customs union
C)domestic trade zone
D)free trade sovereignty

Question

Quizplus · Accepted Answer

A common external tariff is a defining characteristic of a customs union. The Andean Community (CAN) is a regional trade bloc that was established in 1969 and includes countries in South America. As a customs union, member countries of the CAN have agreed to impose a common external tariff on imports from non-member countries, while allowing for free trade among themselves. This helps to create a more unified market and prevent outside competition from threatening domestic industries within the bloc.

Members of the Andean Community (CAN)have a Common External Tariff