When a group of nations agree to buy and sell goods among themselves by abolishing tariffs and trade restrictions, the nations have created a _____.

Question

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A free-trade area is established when a group of countries agree to eliminate tariffs, quotas, and preferences on most (if not all) goods and services traded between them. This facilitates the easier exchange of goods and services among the member countries.

When a Group of Nations Agree to Buy and Sell