There are two main trading blocs in Europe, the European Union and the European Free Trade Association.

Name: There are two main trading blocs in Europe, the European Union and the European Free Trade Association.
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This is true. The European Union is a political and economic union of 27 member states, while the European Free Trade Association is a free trade organization consisting of four member states (Iceland, Liechtenstein, Norway, and Switzerland).

There Are Two Main Trading Blocs in Europe, the European