The European Union is a trading bloc that eases trade restrictions, taxes, and tariffs for its members.

Name: The European Union is a trading bloc that eases trade restrictions, taxes, and tariffs for its members.
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Another reason for regional expansion is the rise of the trading blocs and free trade zones. A number of regional agreements have been created that facilitate the growth of business within these regions by easing trade restrictions, and taxes and tariffs.

The European Union Is a Trading Bloc That Eases Trade