A __________ is created when a group of states reduce or eliminate tariffs between themselves but maintain their own individual tariffs as to other states.

Question

Quizplus · Accepted Answer

A free trade area is created when a group of states reduce or eliminate tariffs between themselves but maintain their own individual tariffs as to other states. This means that members of the free trade area can trade with each other without having to pay tariffs but still maintain their own tariffs on goods from outside the group.

A __________ Is Created When a Group of States Reduce