When FTA members add shared external tariffs to their agreement,they have formed a
A) customs union.
B) free trade association, such as NAFTA.
C) duties agreement.
D) trade conglomerate.

Name: When FTA members add shared external tariffs to their agreement,they have formed a A) customs union. B) free trade association, such as NAFTA. C) duties agreement. D) trade conglomerate.
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Question

Quizplus · Accepted Answer

The customs union is the next step in the development of trading blocs. It involves shared external tariffs.

When FTA Members Add Shared External Tariffs to Their Agreement,they