A ___________________ is a formal agreement among two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner
Countries.
A) trade union
B) regional cooperative
C) customs union
D) common market
E) free trade area

Question

Quizplus · Accepted Answer

A free trade area is a formal agreement among two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries. In a free trade area, each country maintains its own trade barriers against non-member countries, but within the free trade area, members can trade freely with each other.

A ___________________ Is a Formal Agreement Among Two or More