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  2. Trade bloc - Wikipedia

    en.wikipedia.org/wiki/Trade_bloc

    A common market is seen as a stage of economic integration towards an economic union [8] or possibly towards the goal of a unified market.. A single market is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services.

  3. Customs union - Wikipedia

    en.wikipedia.org/wiki/Customs_union

    A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff. [1]Customs unions are established through trade pacts where the participant countries set up common external trade policy (in some cases they use different import quotas).

  4. Free trade area - Wikipedia

    en.wikipedia.org/wiki/Free_trade_area

    A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.

  5. Economic union - Wikipedia

    en.wikipedia.org/wiki/Economic_union

    An economic union is a type of trade bloc which is composed of a common market with a customs union. [1] The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production (capital and labour) as well as a common external trade policy.

  6. North American Free Trade Agreement - Wikipedia

    en.wikipedia.org/wiki/North_American_Free_Trade...

    NAFTA GDP – 2012: IMF – World Economic Outlook Databases (October 2013) The North American Free Trade Agreement (NAFTA / ˈ n æ f t ə / NAF-tə; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America.

  7. Asia just created the world's largest trading bloc with 15 ...

    www.aol.com/news/asia-pacific-economy-worlds...

    The pact marks the first time rival East Asian powers China, Japan and South Korea have been in a single free trade agreement.

  8. Single market - Wikipedia

    en.wikipedia.org/wiki/Single_market

    A single market, sometimes called common market or internal market, is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services.

  9. South Asian Free Trade Area - Wikipedia

    en.wikipedia.org/wiki/South_Asian_Free_Trade_Area

    The purpose of the SAFTA is to encourage and elevate common contract among the countries such as medium and long-term contracts. Contracts involving trade operated by states, supply and import assurance in respect of specific products etc. It involves agreement on tariff concession like national duties concession and non-tariff concession.